Shortly after warning that the coming stock market crash would hit his generation particularly hard, popular investor Robert Kiyosaki, author of the best-selling book "Rich Dad, Poor Dad," explained why retiring baby boomers are going bankrupt.
In Post X, published on March 29, Robert Kiyosaki noted that the same thing happens in the United States "when another giant bank collapses in China" and "commercial real estate, especially office buildings.
... Boomers going broke? Another giant Chinese bank has gone bankrupt. Why? This time it's commercial real estate, not residential real estate.
He also noted that the baby boomer generation is particularly at risk. This is because their retirement plans contain "fake assets" through real estate investment trusts (REITs), also known as "real estate #ETF mutual funds. "" Boomers' pensions are going broke as their paper assets collapse. "
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