Compared to previous generations, most of the luxuries you are describing are a much lower percentage of our overall expenses, while 3 big things: housing, healthcare, and education have outpaced wages dramatically and are a MUCH larger percentage of our expenses compared to previous generations. Yes, you can save a lot of money by being thrifty, but home cost, healthcare, and education are hard if downright impossible for many people to mitigate.
All that being said yes, you could live a much simpler life, but I think the issue is people seeing an expected standing of living that many western countries used to have, slipping away while a very small percentage of people at the top are consolidating phenomenal wealth. So saying to them “hey it’s your fault for not lowering your expectations” comes off as well, ridiculous.
I remember when the term was first coined and it meant something like “asking an llm to code and NOT attempting to validate, fix or correct the outputs yourself. Just keep prompting in natural language until it works.” It was supposed to be a joke - this sort of use hits a wall pretty quickly and illustrates how limited llms can be.
The term has taken off and its meaning is now in flux. I did find it particularly amusing seeing all the LinkedIn lunatics start posting LLM written garbage about “integrating vibe coding Into your workflow” because they thought it was the new buzz word… and I guess they were right.