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I feel some routers may just change the case, and make small changes to the firmware, but the router's firmware may still contain security problems which no one fixed yet.

I don't even think its possible to fix all the holes in a firmware, there will always be something that needs patching.

I feel some router companies don't have the money to hire many workers to fix the security holes in firmware. Router companies may not have enough workers to fix the known security problems in firmware.

Most people now use cheap routers, or a modem router combo box which came with their internet service, and these routers may not quickly fix router security problems, or rely on free firmware to use to install on their router instead of making their own custom router firmware.

Those who don't have the money to properly update their stuff ind themselves without a job.

I think installing a third-party router firmware like DD-WRT and Tomato router firmware may make old routers more secure than router's which are still using an old router firmware which have not been updated in many years.

But, DD-WRT and Tomato does not work on some routers.

I would be unsure about installing a third party, one minor issue and your whole network could be done for.