The way releases are done and security is handled, one can argue that it makes sense to stay one major version behind - as long as it is a version to which security patches are applied regularly.
Do you have experience using "Debian LTS"? It might have gotten me to stick to Bullseye for a little while longer, but I don't know much about it, and EOL was coming along soon.
I've had minimal issues recently with debian but decades of debacles (not just debian, everything from RSX-11 to windows server) have made me cautious. So exhausted with wasted time.
That's why companies offer LTS SKUs.