He took a salary cut (about 40%) to take the job he has now. Beggars can't be choosers, so I just try to be careful with our money and hope for the best.
As I said, I've had a great run, so I don't really hate the "IT industry"...it's just that there really isn't an IT industry any more. Computing is being absorbed back into the disciplines that use it as just another one of the tools that professionals like accountants and investment analysts need to be successful. It's just that when you've spent 20 years doing something, it's awfully hard to go back and transform yourself into something else (and to get hired to do that something else when there are so many 24-year-olds willing to work cheap.)