I said:
...cheap credit in the past
I was talking about the glory days of P4F during the era 2001-2008.
The same low-interest-rates-no-questions-asked policy that fueled massive housing booms in the US and Europe also significantly lowered threshold for for people who, IMHO, otherwise would never have been able to finance a start in aviation.
Nevertheless, regardless of what background people come from, what continues to baffle me is the short sightedness, the immense financial risk-taking and the huge amount of wishful thinking that is displayed in making the decision to even start a career in aviation.
I wonder what airline managers, chief pilots and authorities would think if we would display similar behavior in the sim or on the line...