Reply #1: Not only that, but if you're let go in your 50s, the corporate expiration date

[Warpy]

being around 55, then you've got seven years to live on your savings, scratch around for dead end part time jobs, or go on welfare if you can get it. That ensures that people who had good jobs, lived frugally, and saved for retirement burn through those savings and often lose everything by the time they turn 62.

Retirement on nothing but social security is a cruel joke to most of them.