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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How many more free things are available to the rich who don't need them. I was fortunate to grow up UMC in NJ but I totally noticed this when I arrived in NYC biglaw. My law firm -- free breakfast every morning; lunches at least 2x/wk through some CLE, lunch meeting etc; cookies in the afternoon. All of this is in the "attorneys lounge" -- so not available to the secretaries, support staff, janitors etc. who were living paycheck to paycheck on 40k or less in NYC. We didn't need the free breakfast -- associates can spend $5 on a bagel and coffee; yet for someone who is paycheck to paycheck, that $5/day savings is $25/week that can pay a half a month of electric.[/quote]

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+1. Totally thought this in biglaw. Also -- when you travel for work -- which tends to be the higher end, white collar type jobs -- you end up building up points that can be used for personal travel/hotels/flights but reality is, you'd probably take a vacation anyway even if you had no points; meanwhile the type of people that are paycheck to paycheck have no chance for work travel and also never take vacations or maybe 1 vacation every 10-20 yrs is a BIG deal and they don't have anyone comp-ing them hotel or flights on points. Same thing for employers with per diem. Often it's quite generous and you don't spend much/all of it, which means you come back from a business trip with an extra $200 in your pocket, whereas that extra $200 for a secretary would pay for heat/electric for a month or two. And I've thought about this big picture too -- the more you have invested, the better you do in terms of growth of absolutely dollars in a 401k/brokerage account etc. bc of compounding. Someone already sitting on investment assets of $1 million on Jan 1 of this yr is up to 1.18 million right now, while someone who had scraped together $5000 in a 401k is up to $5900 -- with the 18% S&P return YTD. Yet that extra 180k "matters" less to the millionaire than it would to someone with 5k saved for retirement.[/quote]

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