This "party like it's 1999" mentality is probably reason #1 the USA has 0 savings right now.  Use it now or lose it later.
But there's good reason for it, if you're expecting economic collapse, or even just massive inflation.  Might as well spend it now, because it won't be worth anything later.

The way I see it, spending money on travel is buying something that can't be taken away from me.  Others might buy a big-screen TV or a fancy car, but as a peak oiler, I don't see any point in that.  Land?  Could be worthless when TSHTF, especially given how climate change seems to be speeding up.  Gold?  Can't eat it.  Solar panels?  I still haven't decided where I want to weather the peak, and solar panels aren't exactly portable.

I'd rather spend my money on travel.  New experiences and time spent with family and friends - what better things to spend money on?  I've even told my family that I'd prefer we save money for vacations together, and skip the usual gewgaws for Christmas, birthdays, etc.

That's how I see it too.  Travel is almost the only thing you can buy that they can't take away from you (as long as you are alive and in your right mind).  I have spent much of my life and my fortune (such as it is) on travel, and I don't regret it one bit.