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re: Why dont Oil Field Workers have savings accounts ?

Posted on 3/7/16 at 10:34 am to
Posted by Pecker
Rocky Top
Member since May 2015
16674 posts
Posted on 3/7/16 at 10:34 am to
quote:

So they shouldn't bother?


Exactly. Some of the financial planning theories in this thread are what you'd expect to hear from a child.

"There's no way they can save enough to maintain their current lifestyle for an entire year if they were to become unemployed, so there's no point in even trying to save money."
This post was edited on 3/7/16 at 10:36 am
Posted by volod
Leesville, LA
Member since Jun 2014
5392 posts
Posted on 3/7/16 at 10:39 am to
quote:

There's no way they can save enough to maintain their current lifestyle for an entire year if they were to become unemployed


I never said anything about maintaining their current lifestyle.

All I am trying to do is suggest a way to keep people from being homeless and hungry. I am not trying to push them back into being well off.

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