I wanted to get a PS5 for my wife but decided against it because that also meant buying a TV with HDR10 and a few other goodies. Funnily enough, we can afford it financially – even Samsung’s expensive but excellent QLED TVs – but we literally don’t have the physical space where to put the TV! 
So after some apartment rearrangement, we might get to it.
On the other hand, she started getting more and more serious about a [new] career and only plays the occasional mobile game so maybe we’ll just buy the PS5 when we land a huge discount either on it or the TV.
I wish I was less stressed to actually be able to sit and play our current PS4 Pro without feeling guilty but alas, so far it’s not happening. So we ended up just not needing the PS5 – for the time being.