It depends on the storage medium. SD cards will fail if you use them enough. Photographers and videographers will run into to problem every once in a while, especially if they’re a professional. Why SD cards in particular have a tendency to fail, I can’t exactly say. It might just be their form factor making internal physical damage more likely. I say internal, because the issue is that a normal looking SD card will one day turn up corrupted for no obvious reason.

I haven’t heard of any other type of flash memory having lifespan issues for regular consumers.