The demographic cliff: How to survive and thrive during the great downturn

Best-selling author and financial expert Harry Dent breaks down why we're facing a "great downturn" and how to deal with it now. Throughout his long career as an economic forecaster, Harry Dent relied on a not-so-secret weapon: demographics. It is able to explain why our economy has risen and fallen with generational spending peaks, and why we now face a growing demographic abyss as baby boomer retirements accelerate around the world. Inflation rises when a larger than usual number of young people enter the labor market, and falls when a large number of older people retire, downsize their homes, and reduce their spending. Not only will the mass retirement of baby boomers suppress inflation, but it and significant deleveraging will lead to actual deflation. Dent explores the implications of his controversial predictions and offers advice on retirement planning, health care, real estate, education, investing, and business strategies.