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My experience is the complete opposite with my fellow engineers. Most of them are frugal and saving significant amounts. They don't live an expensive lifestyle. Many of them actually look forward to retirement but some stay longer than normal because they are quite conservative in their projections of earnings on investments and worry their plans with be sabotaged by bad stock markets and social security going belly up.

Exactly.

"engineer, married to an engineer, friends are engineers, work with engineers.."
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