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Personal Finances / Living Below Your Means

URL:  http://boards.fool.com/in-the-private-sector-someone-with-14-years-of-30397536.aspx

Subject:  Re: Ethics and LBYM Date:  11/24/2012  6:18 PM
Author:  MetroChick Number:  869027 of 885519

In the private sector, someone with 14 years of experience and a post graduate degree would earn far more.

Not necessarily. With layoffs in different industries, it's very possible the person in the private sector wouldn't be making >$90,000 if they've had setbacks in their career - such as having to take a paycut after a layoff.

Plus the private sector person most likely isn't pension eligible, can't stay in a company healthcare plan once they retire, and doesn't get 3 months of vacation time.
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