As Gen Xers across Arizona approach retirement, the financial reality bites

A W. P. Carey economist weighs in on the economic shocks Gen Xers have experienced throughout their lifetimes.

In this story published May 5, 2025, on KJZZ Phoenix:

And I'm talking about the major dot-com bubble of 2000, where some of them might have been acquiring wealth in their 401Ks and then it vanished overnight. Then they just found their legs, and then we had the Great Recession of 2008 and 2009.

– Dennis Hoffman, Dean's Council Distinguished Professor and director of ASU’s Office of the University Economist and the Center for Competitiveness and Prosperity Research