Truth..The guy who brought me into the business died at 40 with no health insurance, bankrupt. He actually had a pretty good run for a while. I felt like a heel for quitting that job but I had about $125.00 to my name when I did.
Gunsmithing is an incredibly hard business to run as a business, not a hobby.
I think the next decade will see gunsmithing shrink into small enclaves of specialists, and prices begin to climb accordingly. It's sad, because there have been some incredible specialties and eras that the general public will probably never even know about, much less appreciate the incredible craftsmanship that went into the work.