The Coming Storm: A Boomers' Dilemma in a Bubble Economy Robert Kiyosaki's warnings of an impending "greatest depression in world history" have become increasingly relevant for millions of American boomers approaching or already in retirement.
His concerns about the bursting "Everything Bubble" strike close to home, given that this generation has been largely unprepared for a world where pension promises have given way to precarious 401(k)s and IRAs.
The shift from traditional defined benefit plans to defined contribution schemes, which began with the landmark ERISA legislation in 1974, has left many boomers facing a stark reality: they are largely on their own when it comes to funding their retirements.