I've met WWW and had far too many beers with him. From my hazy recollections I can confirm that he is definitely in his early 30's.
I was a full-time PPL instructor for slightly longer than him and I can tell you from bitter experience that it only takes the slightest interruption of perceived cash-flow to stop people coming to the flying school. People I know on the outside of aviation with the sort of cash to burn in the circuit every weekend are currently very nervous, when I last saw this type of behaviour it was just after the tech-stock boom (most of my students were city traders) - at least one school on the airfield went bust within a year. Then there was September 11th, aviation recruitment stopped overnight and didn't really pick up for about 18 months, we didn't take any instructors on for that period as no-one could move on.
My airline is telling me that the situation we now face is far worse than post Sep 11th and 1991, for once I believe them