Originally Posted by
Apejackson
Yes, the last few years markets have been great and we got great gains to our PWA. But how does that all compare when you account for the insane inflation that also occurred in those same few years? Housing is up almost 50%. Inflation on day-to-day items is up over 20%.
The pay raises of 20% at time of signing seems like we just barely made it even.
Yes, but if you literally make 6 figures more a year, the fact that groceries are a few hundred dollars more a month is a good trade off. Just subtract what your average salary was 4 years ago, vs your average monthly expenses, and note how much more disposable income you have at the end of the month now.
As for housing, assuming you owned before covid, like most delta pilots, it just means your equity has increased, while probably taking advantage of once in a lifetime low interest rates.
I’m not saying people aren’t struggling. I’d say 80% of people are having a tough time, and made that clear to the incumbent party, but to argue that times have been tough the last 4 years by any metric for a legacy airline pilot I think is a tough sell.