Reply to How many ppl do you know age 30+ foregoing savings, 401k?

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[quote=Anonymous]Feels like people on this board and others always talk about how they made tradeoffs (smaller house; or larger house but further out; 1 car etc.) in order to be able to fully fund a 401k or save for a down payment, kids' college etc. - while their friends aren't doing that. My question - how many professionals do you really know who are living large -- fancy rentals; lots of vacations/date nights/eating out -- while foregoing things like 401ks? And I specifically mean well paid professionals - not people who are paycheck to paycheck in such a way that they couldn't fund 18k into a 401k even if they wanted to. I suspect some of this is common for people in their 20s - bc you graduate from college, start getting paid, and go nuts for a bit; but amongst 30 somethings?

Most of my friends are in NYC though some are here - and of all those people I literally know 1 couple like this. Even amongst the NYC folks - who people always say don't save anything, don't prioritize home ownership and just live to take vacations and eat out 6 nights/wk. Maybe I run with a more "conservative" crowd? People take nice vacations etc. but nothing over the top. Most people own their own places; those that don't, don't own bc they anticipate moving for jobs etc. but I expect they'd be in the position to buy whenever they wanted; people don't specifically talk about their 401ks but my friends seem responsible enough that I can't imagine they aren't saving at all. I literally know 1 couple that is the definition of the crazy NYC couple -- living in a 4 million apartment where I suspect the down payment came from a wealthy Asian family overseas (though not the full cost bc they complain about the mortgage), are into all sorts of "creative "mortgage products, and they do all this while working as a manager in big 4 consulting and a HR manager and at age 32 the wife was thinking about starting a 401k and wasn't sure if her DH had one.
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