My father is in that situation - which is why, obviously, I feel it so close. He's slightly above 50, with qualifications (B.Sc. in Chemical Engineering) and a lot of experience. However, he has been jobless since his last company closed, 6 years ago.
It's really a perfect shitstorm for people in his situation. He has a lot of experience, but in the manufacturing industry which, as we know, is being dislocated elsewhere (we live in Portugal). There's the competition of younger graduates, which are also unemployed. Of course, he's too young to retire. And he's been unemployed long enough, so state benefits expired; the last resort state benefit - for poverty, really - doesn't apply because my parents have a house (so, he'd have to sell the house to get the state benefit).
Luckily he has some money set aside, but - again - this is Portugal. You can save some money with our wages, but not nearly enough to support such a tremendous amount of time unemployed. And, well, luckily I'm employed but the same reasoning applies: I'm able (and happy) to help, but I don't make nearly enough to be able to do so and still save for a rainy day.