Lots of Hmong do this & fell into the same fate specially back in the 80s & 90s

[theking]

Bet they are Asian too as Asians are the majority in that city:

Senior California couple lost their retirement savings after burglars broke in, stole a safe full of cash

A couple from Monterey Park, California, are facing an uncertain future after thieves ransacked their home in broad daylight and made off with their entire retirement savings. The thieves, who likely watched the house and waited for no one to be home, climbed over a brick wall, cut through a metal door, and then forced their way into the home.

Once inside, the burglars found a heavy safe containing the couple's hard-earned retirement savings and loaded it into a waiting vehicle.

“My parents are such hardworking people and you know, they’re so lowkey. They’re at retirement age, but now they’re just coming to terms, they might not ever be able to retire,” the couple's daughter told KTLA reporters. According to the report, the neighbor’s Ring camera captured the thieves loading the roughly 150-pound safe into the trunk of a white Subaru Ascent on the front lawn.

This sad story highlights the importance of storing money at a financial institution rather than at home. Even having a safe in your home for your valuables and cash does not make it a secure location. Less than 10% of Americans said they kept more than $1,000 in cash at home, according to a 2023 GOBankingRates survey.

Putting your savings into retirement accounts with tax advantages, like 401(k)s and IRAs, is the ideal way to protect and grow your wealth for your retirement years. However, people who have been keeping their cash at home are unlikely to feel comfortable with this option since investing in the stock market does come with risks.

Let's look at four safer alternatives that protect your money.

High-Yield Savings Account
A high-yield savings account is a savings account held by an online-only bank that offers a higher rate of return than a traditional savings account. Deposits up to $250,000 are FDIC-insured, meaning you cannot lose your funds, even if the bank goes under. While these accounts likely provide a lower rate of return than stocks, the funds are protected from market fluctuations and thieves.

[theking]

Back then Hmong gangs would send a couple of members to visit some girl's home. They are not interest in the girl but had to pretend because their main purpose is to scout to see what her parents have in the house so they can break in at a later time...