(I tried to lookup, but all I got are some weird claims from some shady news websites about battery dying or system updates, which does not really make sense to me.)
Basically, it's phone death by 1000 cuts.
What I do on any new phone or factory reset is NOT update any app I never intend to use, and/or disable it if I can. I also regularly purge older photos and videos (after having backed them up to another medium first).
However, none of this will stop newer apps just being more complex, and eventually your phone can no longer keep up. Phone app developers rarely optimise their apps for slower hardware, as the 2-year phone upgrade behaviour is now so strong in most users.
A lot of apps are hackily built. Google is punishing this, but let's face it, you'll still use Messenger or Slack nontheless even if they ranked terribly on the Play Store.
Battery and system updates do matter. Android Lollipop basically made one of my phones unuseable. But you can try and uninstall everything and see the effects.
Also Samsung phones seem to deteriorate really fast for some reason. Most of my mid range ones became unuseable after 2-3 years.
Why do I say that? IMHO it boils down to attack surface and counter measures. Any strategy an opponent is using to get your information is going to require energy and or time to fight off. VoilĂ .