Yes. Think of how many people might be feed with the money spent on clothing of the Pope and cardinals. How many homeless people could be housed were the Pope and pals not living is such luxury? These men are supposedly disciples of a peripatetic teacher who eschewed wealth. Curious, no?
Francis is reputedly living a more austere life than many of his predecessors - including not occupying the Papal palace, but the far more modest guest house.