I lost my last corporate job at age 59. From age 59-62 I lived off of a pension from my first corporate employer of 30 years. Now social security augments that pension. At least with my much reduced yearly income now I am paying much less in federal and state income taxes. Given they both tend to waste much of it anyway, I consider the fact I am now giving them less money a good thing. Were they responsible, the government debt would not be rising.