Is a 7 year old laptop too old?

Hello there, I'm curious about something. I've been using my laptop for the past seven years, and it's still functioning decently. However, with the rapid advancements in technology, I'm wondering if it's considered too old for today's standards. Do you think a 7-year-old laptop is still capable of handling modern tasks, or is it time for an upgrade? Additionally, what are some key factors I should consider when deciding whether to replace my current device?