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In the grand scheme of things, consoles aren't hugely expensive.

Phones cost more, computers cost more, holidays cost more, houses cost more....

So for those who are reasonably well off in life, having more than 1 console isn't that much of a challenge. It's more a question of re prioritisation. At university, I didn't really go out and "enjoy myself" (buy and drink lots of alcohol) because I'd rather be cheap and save up for a computer. Obviously this doesn't work for everyone and I do appreciate that it's not always that simple/easy and I am quite fortunate

Personally, I see little point in buying more than 1. I had a 360 and PS3 last gen, but I didn't use my 360 enough to justify repeating the trick. I had great experiences with Mass Effect, Gears of War and Lost Odyssey, but it's unlikely I'm going to buy an Xbox One

PS4 and PC will keep me happy for some time