Damn right. My backpack is >25 years, my jacket is >40.

https://en.m.wikipedia.org/wiki/Boots_theory

The reason that the rich were so rich, Vimes reasoned, was because they managed to spend less money. Take boots, for example. ... A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars. ... But the thing was that good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while a poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet.

Exactly. I'm cheap but won't buy cheap shoes. First they are a slip hazard that will cost you in pain and medical bills. Secondly, they don't last for shit and are uncomfortable. Also, they make your feet smell bad.
My expensive shoes last so they end up being way cheaper.

Any safety certified equipment tends to cost an a and a leg. Nearly monopoly controlled.