Programming/computing wages weren't that great years ago. I guess there were a few corporate exceptions, like Microsoft, but so many Programmers/IT guys were not paid well, and there were no benefits. This is when companies were called companies, not Start-ups.
When this current bubble of essentially free money ends, many of you will be in the same boat as this man.
And it does seem like once you turn 50-55 you are conviently let go.
This is the real America. There's a huge swath of 50-65 year olds whom just gave up. While the unemployment rate looks great, that number that measures the people whom are not disabled, but not working, is higher than ever.