The only place the age 60+ issue has a validity is it caused an extra 5 years for retirements. Which means when furloughs came more pilots were furloughed and for longer periods. When the airline stopped growth and shrunk it meant more pilots stuck in lower paying positions for longer.

All age 60+ issues are separate from the issue of personal savings.

How to save money in this job?
1. Stay with your first airline.
2. Live in your F/O house (used to be S/O)
4. Don't buy those new BMWs or something similar.
3. Stay married to your first wife.