How Much Travel Can You Do Now With Your Airline Miles vs. 5 Years Ago? [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Find Out: How Can You Withdraw Money From a Bank Account? 3 Ways To Know Read More: 6 Unusual Ways To Make Extra Money (That Actually Work) But 5 years ago, in an era before the pandemic, your airline miles may have had more value than they do now. According to a survey by IdeaWorksCompany , mileage prices have increased by 28% in the last 5 years. Mileage prices have increased, and travelers are finding themselves with steadily decreasing value points. How can you, as a traveler, use your airline points wisely Points Devaluation One potential explanation for increasing mileage prices is that points decrease in value over time. ADVERTISEMENT “Airlines have devalued points over the years, and [that practice is expected] to continue,” said The New York Times in an article. The pandemic was hard on many people's banks and hindered most people's ability to travel. Due to the decrease in travel, consumers around the world sat on their airline miles for extended periods of
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