Oh definitely agree with you! I think its just a matter of us getting older and wanting the better things in life. Also, if depends on what it is. Like you've mentioned, I can justify a bag (with a price limit lol) cause I know I'll take care of it and it'll last for decades.
I too need to really ground myself and keep telling myself to be grateful so I don't keep wanting lavishing things. Yes, even if we can afford it, sometimes it's just not necessary. I think I'll be happy eating a fast food burger vs eating a burger that costs say xx. I know some people that pays hundreds for a meal and I can't see myself doing that. Vacations are different imo. Those are life experiences that I think its def worth the splurge.
Love vacation! Agree experience over material in most cases until I see another bag or jewelry that I really want. LOL