The government themselves are in debt so its just a vicious circle. If it wasn't for the media peoples confidence in money and investment wouldnt have fallen, there wouldn't be a need for worry either. HBOS wouldn't have gone down until people started taking there savings.
Anyway, I'm not worried about this financial crisis, we have to get on with our lives. Fair enough we may lose a night out once/twice a month because of rising costs but its not too major. Im almost 19 and I'm going to Naples nexzt year to do Multiflights AB Intio, in 2-3 years when ive got a fATPL i have hope it will all be going uphill again.
I work at an airport at the mion and I speak to pilots on a daily basis, all have them say if you want it that badly you just go all in for it, they would go now with no holding back.
A ryanair pilot told me they need 300 new pilots next year and expect a 40% increase in the amount of pilots over the next 3 years, not sure how true that is but its very promising.
Keep the faith.