We also have the same furniture that we bought 20 years ago as we could afford it. It is all scratched, dented, frayed and worn. It has contributed itself to a lot of living, which is what we think possessions should do. We want to own our things, not the other way around.
My parents bought reasonable sturdy hardwood furniture (In the early 70s I think) and apart from a few replacements it's still in use, having survived moving twice. I'm glad I was never told to not just "live" there, using it.
My own flat is very different, we bought most of the furniture while I was still a student and my wife was starting her first job, so of course there's a lot of IKEA and other not so expensive stuff, but to be honest... even after 10 years now I don't feel the need to replace a lot, my desk doesn't look too good but everything else looks pretty ok or even brand new, so maybe disposable stuff is sturdy enough for a good chunk of people? We haven't moved and I heard IKEA stuff often won't survive a 2nd move, so that might be another thing.
It depends. Surely some styles are not wonderful, but others are quite beautiful. Some styles are very of their time (and look horrible later), while others are timeless.
I like the timeless stuff. Lenox Federal china will never, ever look bad. Chantilly, Fairfax or Strasbourg silverware will always have a place at a table. A good Baccarat or Waterford crystal will always sparkle. Sure, one could go for 2020-trendy, but in 2025 or 2030 it will look old & crusty — but the classic never grow stale.