this post was submitted on 23 Nov 2025
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Economics

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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. 

Research released by the Federal Reserve last month concludes that each additional year companies delay upgrading equipment results in a productivity decline of about one-third of a percent, with investment patterns accounting for approximately 55% of productivity gaps between advanced economies. The good news: businesses in the U.S. are generally quicker to reinvest in replacing aging equipment. The Federal Reserve report shows that if European productivity had matched U.S. investment patterns starting in 2000, the productivity gap between the U.S and European economic heavyweights would have been reduced by 29 percent for the U.K., 35 percent for France, and 101% for Germany.

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[–] Bennyboybumberchums@lemmy.world 12 points 20 hours ago

Reduce the amount of disposable income across the board, then start moaning that people arent buying shit they dont need as much... The utter fucking state of these people.

[–] Capricorn_Geriatric@lemmy.world 8 points 21 hours ago

Americans are increasingly opting for reusable cups. This is costing the plastic cup industry billions.

And how exactly is this bad?

Spending less money on stupid stuff isn't hurting the economy, for fuck's sake.

The exact same applies to smartphones.

[–] lemmy_get_my_coat@lemmy.world 5 points 19 hours ago

"device hoarding" Fuck off

Good. Better for your pocketbook, better for yourself, and better for the world.

I would like to note that the difference in relative purchases of technology investments between consumer and business markets will make comparison a little less than easy.

That and certain social demographics within the information technology world present a bleed through of practices in spending habits and thus should not be included.

[–] meathorse@lemmy.world 8 points 1 day ago (2 children)

I brought my s24 exactly because it's got 7yrs of updates. I suspect it'll need a new battery around 4yrs. If I'm lucky, that will let me hold out until Linux phones are more polished

[–] JamesTBagg@lemmy.world 1 points 17 hours ago

I'm on an S10 right now, it still runs... dafuq I need a new phone for? So it'll fit in my pocket even worse.

Ditto, and mainly for the stated continuing security updates, my old note 8 is still working and in fine condition.

[–] ABetterTomorrow@sh.itjust.works 2 points 21 hours ago

Why do even 50% of people need wifi7? BT 5.3? 1TB SSD? They don’t care, they got what they want and the need limits was a long time ago. Also give everyone $800+ to go buy a new phone?

Want to convince me to buy a new phone? Battery with a weeks long charge. I’ll drop $1500 but then won’t replace it for 5-7 years.

[–] bitwolf@sh.itjust.works 18 points 1 day ago

If the economy depends in us buying new phones every two years, then maybe the economy wasn't as strong as we thought it was.

[–] Aljernon@lemmy.today 5 points 1 day ago

NO, it's costing some companies. The economy benefits from cutting out waste. It just so happens that the stock market and "the economy" are not synonyms.

[–] Chivera@lemmy.world 38 points 1 day ago (1 children)

Oh no! Not the economy 😭

[–] JigglySackles@lemmy.world 4 points 1 day ago

Someone please think of the shareholders!!!

[–] naught101@lemmy.world 42 points 1 day ago

The economy can go fuck itself. I'd rather have a society and an ecology.

[–] Duamerthrax@lemmy.world 40 points 1 day ago
[–] moopet@sh.itjust.works 31 points 1 day ago (1 children)

29 months is "as much as possible"? My phone is from 2016 and it works fine!

[–] zeca@lemmy.ml 7 points 1 day ago

That impressive really

And i boast about my 2019 phone that still works fine.

[–] BanMe@lemmy.world 21 points 1 day ago

Who the fuck decided to predicate the economy on a <2-year upgrade cycle for electronics?! Tim Apple is that you?

[–] Don_alForno@feddit.org 47 points 2 days ago

Not constantly throwing away things that are still good is "device hoarding" now? Strong "quiet quitting" vibes there.

[–] TwinTitans@lemmy.world 3 points 1 day ago

I’ll be using my 1TB iPhone 15 Pro for far more than 2 years. LOL

[–] MonkderVierte@lemmy.zip 22 points 1 day ago* (last edited 1 day ago)

This whole thing reads like satire.

And not like the whole semiconductor industry is one of the most environmentally toxic ones. Better keep your phone/computer as long as possible.

[–] Acamon@lemmy.world 244 points 2 days ago (2 children)

The idea, that keeping a device for more than two years is "short term" thinking that could doom the economy, is a pretty damning indictment on the state of your economy.

[–] foodandart@lemmy.zip 66 points 2 days ago* (last edited 2 days ago) (5 children)

More to the point that news item came from CNBC, itself a company that is 100% advertiser-supported.

Of course they're going to claim that people not buying is the doom of the economy.

Their whole existence is tied to hyperconsumption, which, is becoming evident to even the marginally aware, of being no longer viable in the long run.

Say after me: "Too bad, so sad.."

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[–] Entertainmeonly@lemmy.blahaj.zone 28 points 2 days ago (2 children)

Wait why the f are the consumers being blamed for the economy?

[–] ICastFist@programming.dev 7 points 1 day ago (1 children)

Because consumers that have unspent money are WORSE THAN HITLER^[source: economists], as all that unspent money is not making line go up!

[–] lightnsfw@reddthat.com 7 points 1 day ago

Maybe the billionaires should start throwing their money around a little more...

[–] bob_lemon@feddit.org 9 points 1 day ago (2 children)

To be fair, the consumers are the economy. Which is why it's so vital to provide them with the means to consume.

[–] Rooster326@programming.dev 9 points 1 day ago

We "are" the economy and yet they aren't.

We keep being told " The economy is strong" and they ain't talking about you, or me, or anyone either of us have ever met.

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[–] 0ops@piefed.zip 81 points 2 days ago (1 children)

Continuing to use something that still works is Hoarding? The shear fucking gall. They're literally having to misuse the word "hoard" because they couldn't think of a word for "sticking with something that works" with negative enough connotations.

[–] InvalidName2@lemmy.zip 5 points 1 day ago

I know, right? That ridiculous usage of the word hoarding stuck out to me as well. While I know words can have different meanings in different contexts, I find it confounding that anybody would think that word applies to a person who is perfectly happy with their fully functional 2+ year old device and therefore does not compelled to buy a new replacement.

[–] Treczoks@lemmy.world 24 points 2 days ago

It might be bad for the economy, but it's better for the environment, for the amount of money available for rent, food, insurance, emergencies...

[–] Voroxpete@sh.itjust.works 95 points 2 days ago

"Americans are producing less e-waste and getting more value out of their purchases, and this is bad for rich people!"

[–] WoodScientist@lemmy.world 82 points 2 days ago (1 children)

Anyone who writes a headline like this should be chained to a bale of ewaste and thrown into the ocean.

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[–] MartianSands@sh.itjust.works 130 points 2 days ago (4 children)

Jesus Christ, when did choosing not to throw away a perfectly good device become "device hoarding"?

[–] Zetta@mander.xyz 53 points 2 days ago

Gotta love American capitalist propaganda.

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[–] modestmeme@lemmy.world 114 points 2 days ago (12 children)

Companies act like the general population simply OWES them business. We do not.

On that note, please refuse to participate in Black Friday and keep your Christmas low key and sentimental.

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[–] MonkderVierte@lemmy.zip 43 points 2 days ago* (last edited 2 days ago) (8 children)

29 months

squeezing as much life out of your device as possible

Dude, my average phone age is 7 years. I'm now on my 3rd since smartphones exist.

What do US people do with their phones? Even my dad (a farmer) has them longer and he loses them sometimes in the field or drives them over.

[–] GalacticGrapefruit@lemmy.world 8 points 1 day ago* (last edited 1 day ago)

Yank here. I dunno what these fucks are complaining about. All my phones have either been cheap, or refurbished secondhand. Hell, I even learned how to fix my own so I could make them last as long as possible. And when the OS gets too slow, I start throwing out old apps like I'm bailing a leaky ship. My average phone's lifetime is nearly five years. My laptop? Nearly ten.

You know what this smells like? Smells like rich people complaining about poor people being pragmatic and sensible. "Decreasing productivity by 1/3 of a percentage point." Spoiled little prince can eat my entire ass.

[–] naught101@lemmy.world 7 points 1 day ago

This. I'm just upgrading my galaxy s9 that was released in feb 2018. Although many parts of it are starting to die (e.g. screen burn in, a dew cracks), it's only because my service provider is killing it off because it doesn't support VOLTE (and I refuse to use the default Samsung OS).

Upgrading to a fairphone. You better believe that's gonna last another 7 years.

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[–] pixeltree@lemmy.blahaj.zone 6 points 1 day ago

Noooooo the economy 😭😭😭

[–] TropicalDingdong@lemmy.world 51 points 2 days ago (1 children)

Oh no not the economy 😭😔

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[–] DioramaOfShit@lemmy.world 20 points 2 days ago (2 children)

My $1000 piece of electronics lasted 2 years! YAYYYY!!!!

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[–] captain_aggravated@sh.itjust.works 28 points 2 days ago (2 children)

Who is only getting 29 months out of a smart phone? What are you doing?

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[–] KaChilde@sh.itjust.works 9 points 2 days ago

I was going to make a joke about needing to buy a $1000 iphone every 6 months to save the economy, but then I went to the apple site to make sure I wasn’t being hyperbolic…

Christ on a fucking cracker! the latest iPhone can cost up to $3,800 in my local currency! Just fucking blow my brains out, the world is cooked. Bury me with my 5 year old phone, it’s still got a few years left in it I reckon.

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