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Old 25th Mar 2020, 02:10
  #47 (permalink)  
poteroo
 
Join Date: Jun 2001
Location: Albany, West Australia
Age: 83
Posts: 506
Received 19 Likes on 6 Posts
The immediate future for the travel industry is probably dependant on what all we elderly travellers decide to do: call quits on overseas travel, (insurance/superannuation losses/increasing physical difficulty), or, limit the longer distance travel and keep closer to home. From what I hear in my age group, it is going to be some of both. The real determining factor is probably financial - we just won't have the discretionary spending power of before. In my case, it has been 2 overseas trips, often cruises + air travel), per year, and many older than me,(79), do 3 per year. I have already lost a quantum equal to my GFC losses: from which we never completely recovered. This time it is going to be bad, and many, many of my fellow SMSF owners will begin the Age Pension in the very near future. Our future travel prospects are dim, and this will take some time to replace. The Boomers were a 'once-in-a-lifetime' phenomena.
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