My bedroom set (two dressers and a nightstand) are almost as old as I am. I got this set when I was a kid and I've carried them with me to every home I've lived in. Every time I think about changing the furniture, I end up realizing that there's nothing out there that's any better than what I already own. There are two very good reasons not to purchase anything new: quality and price.
The stuff that is sold in stores now is of such poor quality that I'm afraid that the drawers will break before the guarantee is up. Very few pieces are made of wood anymore. Most furniture is made from pressboard. This material is notorious for breaking and, if it gets wet, disintegrating. The finish is usually cheap looking. If you can find real wood pieces that are properly constructed, you'll see a world of difference in the quality of the finish and serviceability. Of course, if you want the real McCoy, you'll pay dearly for it. The junk is really, really cheap in price, as is the quality. That's how the stores can sell this low quality stuff; they charge so little for it that people think it's a bargain. In reality, you get what you pay for (most of the time, anyway) and if you pay a little, you get a little. Likewise, if you can find quality furniture that will last a lifetime, you'll pay a high price. Actually, if you work out the price per year, you'll find that the good stuff is a lot cheaper. Let's say you spend $90 on a dresser and it falls apart in three years. It cost you $30 a year. If you spend $200 on a good piece of furniture and you get twenty years of use out of it, then it cost you $10 a year. Chances are that the good piece served you well for the entire time you used it, and the cheap piece probably started to wear out a month after you bought it. You didn't want to get rid of the cheap piece right away because you felt you wanted to get your money's worth from it. It's easy to see that the "bargain" really lies in the quality of the material and in the workmanship.
My furniture has lasted close to forty years and has always worked well. I guess if I got tired of looking at it, I could always refinish it with paint or stain. Then I'd have brand new furniture and still have the reliability of the quality that was built into it when it was new.