Kiyosaki Warns Baby Boomers Face Financial Collapse Amid Rising Economic Pressures

Robert Kiyosaki has raised alarm over the financial stability of the baby boomer generation, forecasting widespread economic collapse by 2030. Speaking in a recent public address, Kiyosaki cited data showing that 62% of Americans aged 55 to 75 have less than $100,000 in retirement savings, with nearly 40% having no retirement accounts at all. He warned that without immediate changes in financial behavior, millions could be 'wiped out' and face homelessness as early as 2028. The warning centers on a confluence of factors: a 7.3% average inflation rate over the past two years, elevated national debt exceeding $34 trillion, and a shrinking Social Security trust fund projected to exhaust reserves by 2035. Kiyosaki emphasized that traditional savings and retirement accounts—such as 401(k)s and IRAs—are increasingly vulnerable to market volatility, with S&P 500 returns averaging just 2.1% annually over the past decade after inflation. He proposed a strategic shift toward tangible assets—real estate, precious metals, and income-generating businesses—as protection against currency devaluation and systemic risk. Kiyosaki specifically highlighted the importance of acquiring properties with strong cash flow and avoiding high-debt instruments. He also stressed the need for financial education, noting that over 58% of baby boomers lack basic understanding of compound interest and inflation hedging. Market participants, including financial advisors and independent analysts, have noted growing concern among retirees, particularly in states with high cost-of-living such as California and New York. Some have observed a 34% increase in reverse mortgage applications since 2023, signaling rising distress among older Americans. The broader impact includes strain on public services and potential long-term implications for healthcare and housing policy.