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136

Americans are holding onto devices longer than ever and it's costing the economy (cnbc.com)

submitted 2 days ago by alyaza@beehaw.org to c/technology@beehaw.org

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The average American now holds onto their smartphone for 29 months, according to a recent survey by Reviews.org, and that cycle is getting longer. The average was around 22 months in 2016.

While squeezing as much life out of your device as possible may save money in the short run, especially amid widespread fears about the strength of the consumer and job market, it might cost the economy in the long run, especially when device hoarding occurs at the level of corporations.

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[–] teawrecks@sopuli.xyz 46 points 2 days ago (1 children)

While it may seem to be a smart money move, it can result in a costly productivity and innovation lag for the economy.

For the love of god! Won't somebody think of the economy?!

[–] TheButtonJustSpins@infosec.pub 8 points 1 day ago

Another example of "the economy" meaning the ultra wealthy's bank accounts.