Yes. Ask some of your older relatives who remember that time how often they got hand-me-downs or patched old clothes up and compare it to the wardrobe of an average income American today.
Choosing to buy more, cheaper, clothes is as much an example of consumerism, as anything else.
We had cheap clothes 10 years ago, then Shein and their ilk showed up with even cheaper clothes, and people flocked to them in droves.
And you can still buy good quality clothes, $120 shirts and $150 pants of good quality are readily available. But who wouldn't want to have 10 shirts and 5 pants instead?
If you have brand names for polo shirts, jeans, and chinos that are durable and long lasting, please share them because I can’t find them. I have yet to place a test order at Bill’s Khakis, I should do that.
Other than jeans, shoes, socks and underwear, I haven't worn through or grown out of anything in forever, nothing to pass on really.
That said, the textile collection and resale industry is huge; stuff gets sorted, parts go to secondhand shops and charity, part gets baled up and exported, parts get recycled, etc. Same with electronics, it ends up in low-wage countries in Africa and south-Asia where there's thousands of people processing it.
I think you’re conflating a culture that did not see everything as disposable with a lack of wealth.
The hard stats since I looked them up:
Median income increases by 1/3 in inflation adjusted (“real”) dollars from late 80s until 2020. The country is definitely more wealthy.