I have a buddy who has a 9700k and a 2080 ti that he got pretty cheap, before both next gen consoles came out, and before prices went up on both PC parts and consoles. He didn't have to upgrade his PC at all to play all the latest next gen games. As a matter of fact, he plays them at higher resolution, and higher frame rates to be exact. He more than likely won't upgrade till the next upcoming generation oc console release. So he can play any games from the 80's to all the future games.
You don't have to upgrade every two years, like my example above. You don't have to tinker with any settings, I'm not sure why people think it's the early 90's still?? People who say this as an excuse almost 99% of the time, have never played on a gaming PC in their life. And the numerous people who have, know this excuse is outdated, and probably older than some posters here.
Factually speaking, there's PC's they came out before current Gen consoles, that have much better performance than a ps5/xsx. I don't get why some people hate to admit this. You might prefer 30 and 60 fps modes, limited to no raytracing, lower quality of details, more shimmering and aliasing, etc. But there's no way that is equal to the performance I started earlier. You may not NEED it, but it is a fact that it is superior hardware/performance. You can't say a 200hp car is superior to the 400hp variant of the same car, it would make no sense.