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[quote=Anonymous][quote=Anonymous]I have no idea. However, I know many people get help from their family, plus, quite frankly, there are a lot of high earners in this town.

My DH had a buddy that was in the exact same job as him and purchased a nice luxury car. My DH asked him how he does it because no way could he have afforded the car after 401K and savings. His friend laughed and said he does not do 401K or save.  So for that situation, there you have it!

[/quote]

Not saying most (or even many) people are like this, but there is truth to this. I was in biglaw for close to a decade and pretty much lived like a grad student the whole time -- studio apartment, no car, 2 vacations in 8 yrs etc. I knew I wouldn't be partner material, nor did I want to tie myself to having to stay at my firm in NYC, so I knew that paycheck was limited. As I was a senior and transitioning out, I end up talking to 2 friends at the firm -- both of whom tell me they have NO 401k. Funding a 401k on a senior associate salary is hardly that big of a deal -- esp for people who are single, no childcare costs etc. But they both saw their time in NYC biglaw as a time to have lavish apartments, one of them had a luxury car -- which he probably drove once a month since you can't drive to work but still he made car payments, garage payments etc. It's all about choices.[/quote]

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