Harry Shuler Dent Jr. (born May 12, 1953) is an American financial newsletter writer.
The basis of Dent's investment thesis, spending wave theory,[1] is that consumer spending related to the generational formation of families has a profound effect on the market value of investments such as financial securities, real estate, and gold.
It peaks as children leave home and then slows during the last 15 years of working life (48–63).
According to Dent, the decreased spending patterns of the current generation of U.S. baby boomers entering retirement will cause a pronounced downturn in the greater macroeconomy and an associated decline in the value of financial markets.
[citation needed] Dent resides in San Juan, Puerto Rico.