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Harry Dent on ‘Young people cost everything and produce almost nothing’
During podcast episode number 75 on Jason Hartman’s (that's me!) Creating Wealth Show, Harry Dent, explains the ‘Dent Method,’ a long-term economic forecasting tool based on demographics. Dent has made predictions based on this method, most of which have come true. The ‘Dent Method’ takes indicators most economists never even look at because most economists are only focused on the short term trends, which are very difficult to predict. “Long term trends are easy to see,” says Dent, “the baby boom was driving all of the new trends; this created a whole new way to analyze the cycles.”
When asked about demographic tendencies, Dent said, “Peak earning years are at age 46, and peak spending years are between 46 and 50.” He explains that, because their kids tend to leave the “nest” at that point, their spending goes dramatically down and they begin to save what they have left for retirement.
During podcast 75, Dent speaks on inflation and the role the younger generation plays in causing it to exist. “Young people cost everything and produce almost nothing; and high productivity actually reduces inflation,” states Dent. Contrary to this statement, Dent also explains that as the workforce contracts, it is deflationary, ... more

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