Does everyone believe that the boomers are the only ones spending money? Sure they are a huge segment of the population, but the population of the US is growing exponentially.
Government projections of the U.S. population are expected to be 324 million to 354 million by 2020. That seems low as we are currently at 299 million which is 12 million ahead on the same projection table. Point is, another 25 to 50 million folks in the US will have a positive impact on the economy...or at least delay an economic implosion. Heck we may have to bring back the idea of the nuclear family if things don't go well. I really don't think much of Dent's concepts, but I will say that the health care system in this country will likely break in the not so distant future.