I would agree, especially what with some geezers now claiming that they are, in fact, NOT broke, but are just staying because they "want to". I bet they'll stop wanting to real fast, if it meant the right seat.
Just as you say most are definitely NOT broke. The problem is that back in the 80’s they thought they were going to retire uber rich and now they are only modestly rich. Plus with the fall of the stock markets they are still "losing money". The psychology of money loss is tremendous. Even though they could retire comfortably, they won’t because they are trying to recover money they will never get back. That's why they are so dangerous. It's a desperate act and they are willing to sellout anyone.
This is not just confined to the aviation career. It’s happening everywhere. My parents are the same and are not in aviation. The sad thing is that they have already had lucrative times and when it’s most important for investing in their 30’s and 40’s. With them stagnating and keeping so many out of work that needs to be investing in retirement, they are creating a future poor generation.