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Originally Posted by amberfocus
None of my coworkers are saving for retirement.
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Same here, both on my job and my wife's. We recently found out she was eligibile for the 403b plan. She asked the administrator about it and the woman essentially tried to talk her out of it, "explaining" that the money comes out of your paycheck to go into this plan so it reduces your take-home pay. Duh! Isn't that the point? We signed her up quick as we could and immediately started putting in the max amount allowed.
As for my job, my partner is still repaying student loans, even though he graduated 4 years before me and I repaid mine about 3 years ago. However, this same person is driving the 4th leased car he's owned in the 6-1/2 years I've worked with him. I'm still on the same car I had back then. He gets shipments from Amazon and other online retailers on a regular basis: DVDs, CDs, gadgets, etc. I hardly ever buy anything. He doesn't cook and eats almost every meal out. I brownbag my lunch and we cook most meals at home.
Needless to say, we have no retirement plan at work. We've talked about it, but I think the problem is he sees no need for it because he's got no money to put into it. Neither does anyone else I work with. I'd probably be the only person contributing anything.
My wife has frequently had to watch what she said at work because we are doing fine, living below our means and saving for the future. At the same time, all of her coworkers are struggling to get by and constantly talking about their money troubles. My wife has to hold her tongue and not say, "Well maybe if you didn't do _______, you'd have some money left at the end of the month."
Bottom line, BA, is you have to live your like and let them live theirs. It is hard to watch when you know how easy it is to correct, but such is life.