According to a recent report released by Harvard Economist and demographic expert Harry Dent… Millennials are facing record levels of debt, unemployment, and low levels of personal income… and this is a recipe for economic disaster
“While the powers that be would love for you to think everything is under control, you’ll soon realize we are sitting on the precipice of the greatest global financial crisis in history,” says Dent.
Not only are Millennials forming fewer households and buying fewer homes compared to previous generations… but they also have less ability and desire to borrow in order to finance big-ticket purchases that serve as the backbone of our credit economy.
When combined with the fact that an entire generation of Baby Boomers is shifting from being America’s largest consumer group to actively saving for retirement… it creates a downward pressure on the economy that could be catastrophic.
“From a demographic perspective, instead of borrowing and spending more, people start to spend less.” Says Dent in his latest controversial report. “They start to pay off past debt. Instead of boosting corporate sales and profits, they subtract from them. Instead of driving up asset prices, they push them down.”
Dent’s newest prediction warns that the looming demographic crisis is about to trigger a downward spiral setting off the full-blown crash of the stock market and massive deflation.
Dent, who pioneered a whole new science of economic forecasting in the early 1980’s, has been able to accurately predict almost every major economic event over the past 30 years — Including the collapse of Japan, The Great Tech Boom of the 1990’s, and the 2008 market crash.
This scenario was practically preordained — as far back as the mid-1990s when the bubble in stocks and real estate began… and 2007 as the worlds richest generation began withdrawing from the workforce.
Not only are 10,000 Baby Boomers leaving the work force every single day (and taking their spending power with them)… but we have no way to fully employ the next generation of consumers that will fuel US economic growth.
“Spending statistics reveal that consumers and businesses who serve them are the primary factor that drives the economy” Says Dent. “Knowing this, we’re able to predict, decades in advance, what impact up-and-coming generations could have on the economy, different consumer sectors and the markets.
Every major shift in economic direction comes with enormous profit opportunities if you know what’s coming… and Harry Dent reveals several of them in his latest presentation
Click here now for the full details on what you need to do today to avoid the upcoming carnage and make a small fortune in the process.