Harry Dent: 2012 Outlook

Harry Dent, author of The Great Crash Ahead (one of the best books of 2011), discusses what he seeing coming in 2012.

His speciality is demographics and the importance of the peak spending years of the baby boomers (1990's - 2008) and the subsequent importance of their retirement years (2008 - 2022). 

92 million baby boomers are at the point where they want to pay down debt, save for retirement, and pull money from their 401k every month in order to finance their living costs.  What does pulling money from their 401k mean? 

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