Originally Posted by
Cujo665
spoken like somebody who never went through the bankruptcy, furloughing, downsizing, outsourcing of the 80’s and 90’s…. The stagnation of the lost decade, more bankruptcies, more furloughs, not to mention the high probability in this profession of a divorce or two sapping funds…… since 2015 things have been improving with very few setbacks. If you’ve got less than 10 years in the industry, you don’t know what you’re talking about. Hearing it, reading about it, are all far different than having lived it.
This argument holds zero water for me. I've been at a major since 2007, roughly 3 years post-bankruptcy/pension termination. I know what's in my 401(k) right now, and it's enough to retire on. There's absolutely no reason that someone who was at a major during the bankruptcies and has been in (or could have been in) a higher paying seat that me for the entire time I've been here shouldn't be in the same financial position. If he or she is not, it speaks to poor financial planning or irresponsible lifestyle choices.