I just want to clarify something from my post above. It’s not that I don’t feel sorry for those who have lost their jobs, I do as I just like during the GFC I now know what it feels like being out in the street. I just can’t feel sorry for those who, while making good money for several years, have not put away enough for a rainy day (or year/s). In today’s industry of aviation (he!!, most industries in today’s age fixated world) one should have a goal to have put away enough money to (at least semi) retire by the time you hit 60, or even before, if you have had the means to do so. You never know what curveball life will throw at you.
Fancy cars (although I like nice cars), boats etc will not be of much help if you unexpectedly find yourself needing cash just to “live” late in your career.