I'm 44 years old.
I remember when you either had to rent a movie and dub it or you had to buy the movie on VHS for an insanely high price--often north of $80! Then movies reached a point where they were affordable and everybody had these huge collections. VHS tapes, DVDs, Blu-rays. Right now, gaming is at the beginning of the "Blu-Ray era". Continuing the movie analogy, at about that time, the idea of streaming movies had begun to catch on. People still collected but a lot of us, myself included, were more than happy just to download or stream. Yeah, there's movie I still want to own or see in theaters but I'm typically more than happy just streaming what's available or downloading what I can. I do still buy a lot of digital games but nowhere near what I was doing when I wanted to build a collection.
Game Pass is Netflix. There's a great selection so most of the time there's no reason to go outside of what they offer. I went from buying hundreds of dollars worth of new games a month to just buying maybe five or ten games all year--and most of those were on the Switch! I was a whale and my console of choice was Xbox.
Sony is going to have to match them. They already have their own service and it's getting better and better but they need to become the leader in this area or risk being "Blockbuster Streaming service" to Microsoft's "Netflix". Like it or not, subscription services are the future. Digital games are going to replace physical. Convenience is going to win out and, from personal experience, Microsoft is ahead of the curve.