Yes that's true, for the "average consumer" that really only needs that RAM to power the 100+ browser tabs they have open. But if you're doing lots of virtualization or containerized work, super fast SWAP isn't going to cut it.
I no longer code so I'm probably close to the 'average consumer' now. I personally consider 32GB to be the minimum amout of RAM that anyone should consider in 2020,2021 (with obvious caveats on money). My multi-GB workloads are read-heavy and include loading multi-GB games, editing hundreds of RAW images, opening 50+ tabs, etc, all without leaving the cosy confines of my RAM - which I still sometimes do. I have a 100GB system commit limit on my W10 box, and with my current usage pattern, I hit about 50GB @ peak.