Well there's also just a lot more games now, and even retro games that have been around are competing (I'm playing RE1 for example, bought it recently cuz I've never played it before)

So I don't think it's intrinsically due to other life costs being high. When you have games like battlebit and palworld and lots of ftp games just saturating the market it's hard to justify charging so much. People literally don't have the lifespan to play all the games that exist and will continue to be created over time.