I'm taking pictures everywhere. At the supermarket, on the road, in the kitchen, it's more than words. All these photos are super ephemeral, they will literally expire within 30 minutes. I think it is actually correct to store low resolution copies only, as they are just enough to trigger my own memory. I would gain nothing from a RAW copy of that photo. I would lose nothing from deleting them from the archive, but it's a hassle.
My non-professional photo library is at around 50 GByte, excluding astrophotography projects and photogrammetry runs. It's a really handy size for backups, and it indexes quickly with whatever service. I'm using Google Photos as a dumping ground, but PhotoPrism also indexes quickly.
I'll also note that geotags and a correct clock matter much more for archiving than high dynamic range and raw file formats. "Real cameras" suck for easy archiving. I want to zoom into a map of places I've been, and GPS is way too flimsy to be reliable on my Canon gear.