Can one still assume that using the the memory monitor in Activity Monitor.app should give the user a pretty good idea if they have adequate memory installed or not???
I tend to advise folks NOT to use Activity Monitor to keep track of their RAM usage, because folks don't understand the data that Activity Monitor shows them.
Macs have had very advanced memory management for many years now, including memory compression. It is so advanced that the Mac OS will notice that unused RAM is just sitting around doing nothing, and the OS will cache random things in RAM on the chance that you might need them again soon, so caching them will cause your Mac to run faster. The Mac OS might go so far as to make use of every last bit of free RAM that you have.
Many users will see this behavior, and jump to the conclusion that the Mac OS "requires a lot of RAM", or that their computer has a "memory leak" somewhere, or that they need more RAM because they are "running out." None of these are true.
The thing is that 8 GB of RAM is plenty for just about anything that an ordinary user would do. If you are a professional, who pushes your personal computer to the limit, it might be nice to have more RAM. If you are the latter, you know who you are. If you aren't, the old wisdom to "buy as much RAM as you can afford" is an anachronism and anyone who says that to you is just encouraging you to throw away money.
Actually, with the advent of the new Apple Silicon computers, the new wisdom is to purchase the largest amount of storage you can afford (and go with the standard amount of RAM). The storage in an M1 or M2 package can't be upgraded, and SSD's begin to slow down as soon as they hit about 50% full. The larger the SSD you purchase, the longer your Mac will continue to run like new.