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re: Why dont Oil Field Workers have savings accounts ?

Posted on 3/7/16 at 10:30 am to
Posted by volod
Leesville, LA
Member since Jun 2014
5392 posts
Posted on 3/7/16 at 10:30 am to
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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