The era of cheap air travel has passed:
Delta Air Lines pilots on Wednesday approved a new contract that includes 34% raises over four years and other improvements as the industry faces a protracted shortage of aviators and strong travel demand.
Source: Delta pilots approve new contract with 34% raises
Do not be a fool and postpone life until later – I recommend most people spend their money when they have it, and not save for a future that may never come.
People engage in excessive savings to protect from future economic Depressions. However, future depressions are unlikely as the Federal Reserve can always increase the money supply and create unlimited inflation. The real danger today is inflation eating away at your foolishly stockpiled excessive savings.
