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Subject:  Re: 401(k) are a Fiasco? Rich and poor part ways Date:  4/23/2002  3:40 PM
Author:  ptheland Number:  34313 of 103189

I didn't read the article, but I see the current trend toward shorter employment tenure as trading current benefits (e.g. higher pay, better working conditions) for deferred benefits (e.g. guaranteed retirement income).

Since our society has become more "now" oriented than our grandparents' generation, the trend toward shorter stays at a job (and toward current consumption enabled by easy credit card debt) are simply a reflection of changed attitudes.

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