My father, who was a very proud, self-sufficient person - was laid-off at the age of 52, from the one company he worked for from the time he left the Navy. He and mom still had a couple teenagers at home, and he had never not-worked his entire life (often had two jobs), so the inability to find work was a big psychological hit. It was the early 1980s, so times were bad for everywhere - and especially for older workers.
He was always a very loyal company-man, but from that experience he told me constantly: Develop yourself and career to gain your own independence and freedom. You can’t trust a company, the promises of government, or anyone else to provide for you and your family.
I’m learning this lesson now. After 30 years steady employment in two companies I got laid off. Despite all the jobs available no one wants the old fart. I get the interviews and once they see me it’s over. Getting ready to take a job at below half my old salary. I have a friend in the same boat. Same age.
I agree completely.