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The bottom line is this: People will ALWAYS find a way to pay for what they really WANT, no matter what.
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Yes and no. I've had a few consistent long-time clients have to stop/reduce sessions for valid financial reasons. But these people aren't out scooping up new gadgets either. Their businesses have simply hit hard times and you gotta do what you gotta do.
With a few I've started charging them for programs then doing a tune-up once a month so they'll keep making progress, and it's a price they can afford.
There has been a distinct trend that among newer clients people are not willing to put out for 3x week as was common even a year ago. More are only willing to do 1x week, some two. >3 is getting rarer.