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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I had a job that involved reviewing the financial disclosure statements of nominees in multiple (both R and D administrations), and, in the beginning, I was surprised by how little most nominees had in the way of savings.  There were always the few very wealthy types, who'd been in the private sector a long time, or had family money, but the ones who'd been working on Capital Hill or other branches of government most of their career generally didn't have much.

This is not a new insight, but [b]many people on this board have a warped view of how most Americans live[/b].  [/quote]

I don't think so.  Many people on this board understand that most people don't have savings, carry balances on their ccs, etc.  But we all know what people are [i]supposed [/i]to do, which, as you noted, many don't, including this Supreme Court nominee.  [/quote]

I'm so confused. If hes had a pension since 2006, why would someone put money into TSP after that? Also, how is that even fair that someone get a lifetime pension and still be allowed to contribute to tax deferred retirement accounts? Additionally I'm not a federal worker, and have to plan, but why would someone save aggressively if he had a lifetime job and lifetime pension? All one would need is insurance.  He does have 500k in TSP, plus that pension,  not sure why he's not supposed to spend his disposable income. 
[b]Is there some special virtue in hoarding money?
[/b] [/quote]

No but there’s value in building wealth. If he stays on his current track he will have made millions over his career and spent almost ALL of it.  That’s a waste of a good salary.  He doesn’t make a ton but enough to not be living paycheck to paycheck.

There’s a difference between hoarding money and living paycheck to paycheck. [/quote]

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