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Money and Finances
Reply to "Finance and blue collar judgmental conversations at work "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP, if it makes you feel any better, I work in a white-collar profession and aparently plenty of my colleagues have 401k loans.[/quote] My sister worked in law firm accounting and she said half of the lawyers contributed ZERO to their 401K. This was about 10 years ago. [/quote] First of all, you have no idea what someone's financial situation is based solely on their 401k contributions. Maybe they have large or extended family expenses that they are covering and have no funds leftover to invest, maybe they overspend and live over their means, maybe they don't like the limitations of 401ks, maybe they are investing in real estate or businesses instead... you just don't know what someone's reasons are. [/quote] I believe PPs point was that relatively high earning white collar workers don't always save in 401ks either, it isn't just blue collar workers who don't save n 401ks [/quote]
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