Prior to COVID-19 was one of the peaks of gaming. But I say that as someone who isn't even 30, started gaming in 2003, and started gaming a lot in 2015.
A lot of games themselves can still be pretty cheap on digital distribution and using subscription services. Consoles are getting more expensive even taking inflation into account with no price drops in sight.
It's easy today to build up libraries of hundreds of physical and digital games. Much easier than the early 2010s and before.
So no, it's not. Software is super accessible, but hardware should be a little cheaper and games are taking a while.
Lifetime Sales Predictions
Switch: 161 million (was 73 million, then 96 million, then 113 million, then 125 million, then 144 million, then 151 million, then 156 million)
PS5: 115 million (was 105 million) Xbox Series S/X: 48 million (was 60 million, then 67 million, then 57 million)
PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)
3DS: 75.5 mil (was 73, then 77 million)
"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima