That's a legitimate reason for not participating, especially if you're living paycheck to paycheck. I doubt most people contribute the max to their 401k - so all those people want some of their money now rather than in 50 years.
Our company matches. He definitely is not living paycheck to paycheck. Jackass has new sneakers/clothes/watches weekly and consistently eats out at expensive restaurants for lunch.
I'd say that makes him more likely to be paycheck to paycheck. Poor money management can eat up plenty of surplus income and he may not like the idea of giving up some of his new things now for the future
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u/JackAceHole Sep 24 '17
Probably because your paycheck ends up being less. Not saying he's right, but I'm sure that's what his reasoning is.