Hi,
Yes, your research is correct. Too many unemployed pilots lying around and the cost of training is increasing year by year.
I'd advice you too go for a degree then look into pilot training. This is because when you finish with your training you are given license but you still are a high school pass-out. Degree will give some security in case you don't make it to the airlines for some reasons. Also incase you make it to the airlines but unable to fly in the future for medical/etc reasons you can fallback to a normal career.
Aviation industry changes every 6 months so the thing you should worry about is not what it is right now, but what it will be when you get your license. Generally you should assume a 1-2year waiting period for a job and another 2-4 years to build those hours to land in an airline like Qantas,Emirates,Lufthansa,Qatar,Etihad and so on...all the big guys.
Ofcourse if you want to live up to your dream you have to get out of your comfort zone. There will be struggle at first...but reward at the end.
YES.