Bad news all around. At least, about his job. I lost mine seven yr. ago and never have found another. I just turned 60 a week ago, and I KNOW that jobs I've interviewed for have gone to teenagers. I know because I checked back just to see, even spoke with one of the new-hires. Usual story: he ended up getting hired and for much less than the job had been advertised for salary!!! How do you compete with that?
At least our house is paid for and my wife's working, so far. Many layoffs at her place and mostly those who have been there for years, know the job backwards and forwards and make the most money, though she and the others have had their pay cut over 40% over the past two yr. Of course, their medical bennies have also been cut radically and employee costs for the same have also gone sky high, so she is "really" making even less than before.
I can't count any more how many folks I know or know of that this has and is happening to. In my case, self-employed so no unemployment but at least I keep us in heat [wood], some food [our greenhouse], cars repaired, and now do all the cooking and laundry, etc. Which is ok. I am too busy around the property to be bored or anything. I realize I probably won't be getting a job again other than someone calling me up for a week of stonework or some thing, which seems to happen about once a year.... So far, we at least have a reduced paycheck coming in. Funny how all the bills such as homeowners insurance and etc. go up [due next week, $300 more than last year....] and pay keeps going down. Hey, home and land values are supposedly getting hit here and our house is worth less, so how come our property tax valuation has gone up again!!