Speak for yourself. My Career development loan repayments finish in 8 days time. My flying club has not had so many students for years and it has never had so few Instructors. I am going part time in my other job in the new year to do more flying.
The one thing that is different about the industry since the last big slump is that as we face recession this is the first time we have had "low cost". Lets all make a christmas wish things wont be so bad this time around.