I haven't decided how much of a push I'll make to get Select+ this year.
There are times when I would make a few trips to Chicago on weekends, to hang out, ride trains, and relax. It was nice to have access to the Metropolitan Lounge.
A year or two ago, Anthony (AGR Insider) mentioned that AGR offers a "soft landing" to current members, basically reducing one's status by one level from the previous year, even if they may not have even earned their reduced status.
Under that system, someone that was Select+ would automatically be given Select status the following year.
If that holds true, I've already got Select Status in the bag.
Realistically, I can't think of a scenario where I would spend at least $5000 to earn Select+ under the new system.
I would guess I probably spent around $1200-$1500 that I wouldn't have spent if I didn't have status.
This includes a few trips to Chicago. along with a week vacation on various points of the Northeast Corridor.
I don't have anyway to back this up, but I would imagine that those people that earned their status, in part, due to frequent riding and the 100 point minimum, were those that lived outside the Northeast corridor.
For those people, Amtrak would give companion and coupons, lounge access, and bonus points. These perks certainly had a monetary value, but only when one was fortunate to be in the Northeast corridor.
If I lose my status, Amtrak is certainly saving on some chips and soda the next time I visit Chicago, but it's not going to suddenly make the lounges in DC, Boston, New York, or even Chicago, less crowded., nor will it maximize their revenue on Acela because I won't have any upgrade coupons next year.