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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: LTK007 who wrote (8984)11/28/2001 5:43:11 PM
From: ajtj99  Read Replies (2) of 99280
 
Max, remember that about 15-20% of the workers are union, and they have their own pension funds. Furthermore, many people had a choice to use 401K or continue in their regular pension when the laws went through in the 80's.

Also, many who entered the work force in the last 10-15 years have 401k's, but they do not grow too fast when you are in an entry level job with student loans to pay off, new house and cars to make payments on, etc.

I could say that in our company, most of the 401K's probably at or under the level you cite, as we do not have many upper level, high salary earners.
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