Long story short:
1. Vinny is entirely correct SMPS are different. Efficiencies under load and especially when unloaded, are high by design focussing on absolutely minimising losses (by running a special tiny transformer at 200-500Khz, not a big one at 50-60Hz, and clever control strategies to do this)
2. Transformers of a size used in audio equipment are efficient, and get better the bigger they are; at the 1KVA level, 1-1.5% 'loss' at full power would be about right. Still only 10-15W, and (waves hands a bit) that will stay roughly proportional down to the 100VA scale used in small amplifiers; might be 5-8% there, so - still, small wasted power.
3. The losses are a little higher proportionally at 'idle/ standby' levels - there is a necessary magnetising current, even without output power being drawn and that means current flowing in the copper; and a corresponding 'iron loss' in the core. Again these small-numbers in well designed transformers of any core type - toroidal, the most efficient (least copper resistance, excellent magnetic coupling) and lower in E-I, split-bobbin types (slightly worse on those two accounts) - and can even be deliberately made poor for other reasons like some kinds of specialised power-filtering transformers not used in audio.
Example for 2, 3 above: I've a very nice H&F 100VA toroidal power transformer rescued from a Cyrus shoebox amp, now used to power my headphone amp. The transformer, unloaded, on its own, draws under 2w connected to the mains. Idling at 18watts load - it still only runs 3-4degC above room temp, max (measured with IR thermometer.) The summary - total 'losses' are small, in modern transformers.
3. These standing losses are proportionally-worse, the smaller the transformer gets. This is why heavy transformer based wall-warts went away, replaced by SMPS types (no use having a 5v phone charger / a chunky wall wart for a small halogen desk light, where the thing wastes 4+w idling all the time it is plugged in... you'll remember how warm those things used to get )
4. There really is NO wear-out mechanism for transformers, at all! Which is nice. The only real way to damage one is a gross & sustained overload. In fact larger domestic-scale power transformers are incredibly robust, running 20% overload for say 20% or more of the time is no issue at the 300VA+ scale for toroidals of good quality - because of the inherent efficiency. But under gross overload the failure mode is terminal - the insulation will fail (stinky, give long, early warning) , a winding 'shorts' and as a result that will blow the mains fuse.
5 Note small transformers, the wall-wart scale, actually often have fusible-links in inside the windings as a protective measure - because they always run hot, as a result of inefficiency.
6. Leaving equipment powered-on though will eventually shorten the life of the reservoirs capacitor(s) - which may or may not be a problem. This is why Naim recommended replacement at 7-8yrs old for the amplifiers they recommended be left powered-up 24/7 (BTW the maths on that works perfectly, I can dig up a former post on such). Note this bit does still apply to SMPS - they have a reservoir cap, powered by a bridge rectifier directly off the mains AC input and as such that cap is somewhat exposed to any Mains AC voltage transients. Good SMPS have mitigation for that, but still - the DC link cap dying is the usual reason for an SMPS failing. Since that does not directly affect the quality of the DC output owing to the voltage-regulation on the output side, really good quality SMPS can run for decades.
Hope that wasn't too boring/patronising/wordy/hand-wavey...
eta: 28.06.24/ 6pm - typos fixed for clarity.