The newest hardware is absolutely not necessary and a waste of money

i have been using the following specs for the past 6 years:
GTX 1050Ti
Intel i5 3440
8GB DDR4 RAM

i am still able to run all games at 1920x1080 at min. 60fps, no issues at all.
a friend of mine spent around 2000 on new parts and his pc still isnt better than mine.