Perhaps, but parents need to commit to what they know is healthy for their kids. I didn't have a phone until I bought it myself in college, even though "everyone" had a phone. My sister is doing the same with her family (has a 17yo with no phone), and I plan to do the same with mine (10yo w/ no phone).
My kids (oldest 10) can whine as much as they want, but they're not getting a phone until they earn my trust. And given how much they break the rules we already have, it's going to be a while.
My sister and I aren't poor, nor were we growing up, we're both middle class or even a bit above. More people need to push back, because phones seem to be screwing kids up. Look at statistics for suicide and depression, suicide seems to be going up while depression remains pretty consistent, and that seems to have changed right around the time when smartphones became ubiquitous (2015-ish).
So no, my kids aren't getting phones anytime soon, and it really doesn't matter what their friends' parents do.