But PS5 users spend more money and gameplay time on their consoles.
Pirky
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Something to keep in mind: Official support for the PS2 was only 12 years. The PS4 is now at 11 years.
It will most likely have a longer officially supported life than the PS2.

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It’s definitely easier to have that degree of support when you’ve got a common architecture now. There has never been a console generation before this where you had literal years of overlap with games releasing on previous and current gen, because it didn’t require much extra work to maintain additional versions. They were already doing that with the “Pro” consoles before anyways.

Hell, PS4 players are even still going to get the highly anticipated Shadow of the Erdtree DLC for Elden Ring in a few weeks.

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