Originally Posted by
DarkSideMoon
When there is a downturn, I doubt it will be as bad as the last one for pilots. Even with a reduction in flying and possible pay cuts there are still an enormous amount of mandatory retirements to keep some movement going. It may slow things down but I don't think we'd see things get as bad as they were before. If the economy ends up in that bad of a spot I doubt a ten year old engineering or business degree with no relevant work experience is going to land you a job in that market.
I think it's wise to pick a regional you can stand being stuck at for awhile if that happens.
Spending prudently and living within your means during the good time to keep a rainy day fund is a better bet. Could you afford to be downgraded to FO for 2-3 years?