Quote:
Originally posted by Hank Chinaski
Does your chart include retirement savings? Clinton tech bubble busting/ clinton stock scandal bursting?
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Are you under the impression that people don't spend their employer retirement account money when they leave their jobs? If your balance is under $5k, you get a check if you don't roll it over fast enough. Yeah, you can still roll it over, but . . . And the less money you make, the more likely you are to have less than $5k even if you have a fairly generous match or other employer contribution. 6% of 20k is only $1,200, and that's really a very very generous contribution. Also, lower wage jobs have higher turnover so people with lower wages are less likely to be vested in employer contributions.
Anyway. Thanks once again for the funny! People retaining retirement money, hah. Good one.
