Words of wisdom. Theres a handful of us that were part of the "lost 10 years" because of 9/11 that saw some sobering things in our careers. Before we got into the career, as kids growing up in the 90's, we saw the struggle, and we still got into it. I guess what I'm trying to say is, be careful with painting a rosy picture with whats going on right now. We're one war/virus outbreak/world event from YOU being on the street.
If you're at a major, take your seniority list, cut it in half. That would be the new seniority list when, not IF, one of those things happen. If you're in the bottom half, you better be living modestly, investing wisely, and treading carefully. If you're in the top half, your job is most likely ok if you're in the top half of that half. If you're in the bottom half of that, endless reserve, 30%-40% paycut from being downgraded from captain to FO. Then another 50% paycut when the airline goes to the bankruptcy judge and throws your contract out the window and shoves a new one down your throat. Go do your research and see what happened to those that came before you.
A lot of guys on these forums already know this, this message ain't for them. This message is for the guys that got into 121 around 2013, spent a few years at the regionals, quickly got picked up by a major and are already if not close to upgrade. If you've got extra cash, go buy a rental property with 20% down. When the down turn comes, it will add stability to your life.