If you want to play every new AAA release on release, sure, something like gamepass/ps plus is cheaper. You can also get gamepass on PC fwiw, so it's not really a good argument for consoles. I usually just wait for games to go on sale for $10-20, plus it gives time for the games to actually get patched and function properly. I've also been dumping thousands of hours into the same 3 or 4 games for the last decade, so really I could have spent nothing on PC gaming other than a few hundo on a new GPU a couple years ago.

And for most people, you need to have a PC anyway. Consoles are not good at doing your taxes or editing documents. So the alternative to a gaming PC isn't just a console, it's a console and a weaker PC bundled together. The price difference between a budget laptop and a kickass gaming rig is going to be less than the price of console.