@je+1jk42s2ah I appreciate it. For the people that live above their means, I would agree with you: find something else, since they cannot afford not to work. Technically, I spend around 50% of my income after taxes. House is paid off. Car is paid off. CCs are paid in full every month. No debts. The rest of that is "saved" for the future. I am not planning to work until I die (but I am aware that it can happen).
Yes, we can live with $30,000 less. However, if I stay at Ford 4 more years, the difference in salary would be $112,000 dollars. Why would I leave that amount of money on the table? I am not calculating beyond that, because I am not sure the company will be standing, nor I would have a job at Ford. I can get another job now, or I could get it later. Now means dealing with a bad job market and lesser bargain position. Maybe later I'll deal with a better one, since this is a cyclical industry, and I can get a better deal.
If I lose my job now, I have an emergency fund that should last several months. It should be enough for me to find something else. I've planned to even go to Europe on a vacation. Again, the idea would be to wait for a better job market, then find something else. If I die today, my family would be in a nice economical position. Already talked to my wife about what to do in that case.
All in all, I think I have the bases covered... :D