The Demographic Cliff

Download or read book The Demographic Cliff written by Harry S. Dent and published by Penguin. This book was released on 2014 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic forecaster, Harry Dent, has relied on demographics. The ultimate tool for predicting both big and small trends, decades in advance. Now he explains what's going to happen to our economy with the accelerating retirements of the Baby Boomers. Inflation rises when a larger than usual block of younger people enter the workforce, and it wanes when large numbers of older people retire, downsize their homes, and cut their spending. The mass retirement of the Boomers won't just hold back inflation, it will actually cause deflation; with a downturn and periodic crises from 2014 until about 2023. Dent explores the implications of the predictions for retirement planning, healthcare, real estate, education, investing, and business strategies.