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Message
re: Why dont Oil Field Workers have savings accounts ?
Posted on 3/7/16 at 10:25 am to volod
Posted on 3/7/16 at 10:25 am to volod
quote:
I am sure some do. However, I keep reading articles on how so many residents of the Louisiana and southern Texas areas are hurting badly over the drop in oil prices.
Are you suggesting that if someone saved for a downturn they still would not be hurting badly after being out of work for a year or so?
Posted on 3/7/16 at 10:30 am to UpToPar
quote:
Are you suggesting that if someone saved for a downturn they still would not be hurting badly after being out of work for a year or so?
No. It would not save anyone by month 9 to a year out of a job. However, it will give them some time to network and possibly find another job (albeit probably a lower salary).
Also, as I said in the OP, technically this could be prevented if they found other industries while times were good.
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