Robert Kiyosaki Warns Crash Could Leave Millions of Boomers Homeless

Robert Kiyosaki has issued another crash warning, saying millions of Baby Boomers could face homelessness if markets suffer a severe downturn.

The Rich Dad Poor Dad author made the claim in an X post on Monday, Sept. 28. He argued that falling bonds could trigger a wider stock market decline.

Kiyosaki said this could leave millions of Boomers without enough time or money to rebuild their finances. He also urged followers to buy gold, silver and Bitcoin.

The warning follows another post from Sept. 15. Kiyosaki claimed the 'biggest crash in history' had already started in Europe and Japan.

He linked that prediction to his 2002 book Rich Dad's Prophecy. He said the book had been written to prepare readers for a major stock and bond market collapse.

Kiyosaki's latest warning centres on retirement savings, financial education and the risks he sees in conventional investment portfolios.

Why Robert Kiyosaki Says Boomers Are at Risk

Kiyosaki argued that Baby Boomers were given retirement arrangements without enough financial education. He also criticised the financial system's reliance on market-based retirement savings.

One important detail in his argument needs clarification. Kiyosaki described ERISA and the 401(k) as effectively the same development.

They are not the same. The Employee Retirement Income Security Act became law in 1974 and established federal standards for private-sector benefit plans.

Congress added Section 401(k) to the Internal Revenue Code through the Revenue Act of 1978. The provision later became the foundation for the modern 401(k) retirement plan.

Kiyosaki also claimed that financial planners in the 1960s could obtain licences after only seven weeks. That claim has not been independently established here, so it should remain attributed to him.

He further argued that government legislation can sometimes have consequences that differ from its stated purpose. He cited Social Security while making that point.

The Social Security Act was signed into law in 1935. It established a federal old-age benefits programme and has been amended substantially since then.

Kiyosaki's argument therefore combines historical claims with his own interpretation of retirement policy. Those interpretations should not be presented as established economic findings.

Bonds, Gold And Bitcoin Feature In His Warning

Kiyosaki said central banks were selling US bonds and buying gold in 2026. However, available gold-market data supports strong central-bank demand for gold without establishing his broader claim about a coordinated disposal of US bonds.

The World Gold Council reported 289 tonnes of central-bank net gold purchases during the second quarter of 2026. It also reported 345 tonnes of net demand for the first half, after revisions.

The organisation said Poland was the largest reported buyer during the second quarter. Russia was the largest reported seller among the central banks covered by its data.

Kiyosaki's broader claim remains his own interpretation of those developments. He argued that falling bond prices could push stocks lower, including the S&P 500.

He then warned that such a decline could leave millions of Boomers without sufficient resources to recover.

'Hope I am wrong,' Kiyosaki wrote. He added that he did not believe he was wrong.

Kiyosaki also cited his previous warnings about financial crises. He referred to his claimed prediction surrounding the 2008 collapse of Lehman Brothers.

CNN's archives confirm that Wolf Blitzer's The Situation Room covered Lehman Brothers' bankruptcy on Sept. 15, 2008. That record alone does not establish the timing or accuracy of Kiyosaki's earlier prediction.

Kiyosaki has continued to promote gold, silver and Bitcoin as part of his approach to preparing for financial turmoil. He also said he owns rental apartments and oil wells in the United States.

He stated that he is not a financial planner and does not make money from his recommendations. Those statements are Kiyosaki's own representations and have not been independently verified in this article.

Kiyosaki's focus on financial education also dates back decades. Rich Dad's official biography says he and Kim Kiyosaki created the CASHFLOW board game in 1996.

The same source says Robert Kiyosaki wrote Rich Dad Poor Dad in 1997. The book became the foundation of the Rich Dad brand and its financial-education business.

Kiyosaki has repeatedly argued that traditional education does not adequately prepare people to manage money. His latest warning applies that philosophy to retirement savings and market risk.

He also referred to what he described as a 25-year Great Depression from 1929 to 1954. That description should not be treated as the standard historical dating of the US Great Depression.

Federal Reserve historical material describes the Great Depression as beginning in 1929 and lasting until 1941. The downturn was the longest and deepest in US history and extended into the Second World War.

Kiyosaki's comparison is therefore best presented as his own historical interpretation rather than an established timeline.

His latest warning ultimately remains a forecast. There is no established evidence that millions of Baby Boomers will become homeless because of a future market crash.

For readers, the distinction matters. Kiyosaki's comments describe his expectations and investment philosophy, while the historical and economic data provide a separate basis for assessing those claims.