Kiyosaki warns baby boomers could lose homes in market crash
Robert Kiyosaki says a steep decline in stocks and bonds could wipe out retirement savings, repeating his call to buy bitcoin, gold and silver.
Key points
- Kiyosaki made the warning in a Sept. 27 post on X, saying millions of boomers may be homeless or move in with family.
- He tied the risk to the 60/40 stock-and-bond portfolio long used in retirement planning.
- He said his forecasts have been accurate since his 2008 Lehman Brothers call, though his own site admits a 2016 crash prediction missed its timing.
- He predicted in January 2025 that the biggest crash in history would come that February; the S&P 500 fell 1.42% that month and ended 2025 up 16.39%.
- A June World Gold Council survey found 89% of reserve managers expected central bank gold holdings to rise over the next year.
Robert Kiyosaki has warned that a market crash could drain baby boomers' retirement savings and leave some of them homeless, repeating his long-running call to buy bitcoin, gold and silver. In a Sept. 27 post on X, the Rich Dad Poor Dad author said falling bonds would be followed by a stock market crash, writing that millions of boomers may end up homeless or moving in with children and grandchildren.
Kiyosaki tied the warning to the 60/40 portfolio, the mix of 60% stocks and 40% bonds long used in retirement planning. He argued that if both parts suffered heavy losses close to retirement, withdrawals for living costs could make it hard to rebuild savings. He said he hoped to be wrong but did not think he was, and claimed his predictions had been on time and target since his 2008 Lehman Brothers call on CNN.
That claim overlooks missed deadlines. Kiyosaki's own Rich Dad website acknowledges that his forecast of the biggest crash in 2016 missed its timing. In January 2025 he predicted the biggest stock market crash in history would arrive that February; the S&P 500 fell 1.42% that month and finished 2025 up 16.39%. The latest warning extends a May claim that millions of boomers could face financial trouble and homelessness in 2026, with more emphasis now on the stock-and-bond mix and the limited time older investors have to recover.
Boomers and the 60/40 portfolio
Kiyosaki traced the problem to what he called inadequate financial education when retirement plans changed. He equated the Employee Retirement Income Security Act of 1974 with the 401(k), though the dates differ: ERISA was enacted in 1974, while 401(k) plans were authorised under a 1978 amendment to the tax code and expanded after later IRS guidance.
He also claimed central banks are selling U.S. bonds to buy gold. A June World Gold Council survey found 89% of responding reserve managers expected global central bank gold holdings to rise over the following year. That supports continued interest in gold, but does not demonstrate the worldwide bond sales or stock market crash he predicts. His concern about traditional assets predates this post: in July he singled out U.S. bonds, some stocks and retirement accounts as vulnerable in a future downturn.
Kiyosaki presented bitcoin alongside gold and silver as assets he has recommended for years, saying that is why he has ended his X posts with the phrase buy gold, silver and bitcoin. Earlier in September he said a historic crash had begun, citing debt, war, artificial intelligence speculation and retiring baby boomers. Bitcoin's fixed supply underpins its appeal to investors worried about monetary instability, though its price can also fall sharply over short periods.
Missed crash deadlines
Those store-of-value traits and risks set it apart from both gold and the bonds Kiyosaki criticised. His recommendation reflects his view of the coming downturn rather than evidence that bitcoin would hold its value during one. He also listed rental apartments and U.S. oil wells among his holdings, and closed by urging people to read, learn and teach others, writing that rough times lie ahead for the unprepared and great times for those who are.