this post was submitted on 25 Nov 2025
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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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[–] OhStopYellingAtMe@lemmy.world 6 points 3 hours ago

Fuck the economy.

[–] melsaskca@lemmy.ca 2 points 2 hours ago

People will loosen the purse strings once Trump is gone and stability resumes. If they have any money left after Trump is gone.

[–] Bearlydave@lemmy.world 3 points 2 hours ago

I think the economy has bigger problems than you not being a good little consumer.

[–] KeenFlame@feddit.nu 9 points 5 hours ago

Oh, look, another example of "competition" ruining another feat of humanity

[–] CharlesDarwin@lemmy.world 22 points 12 hours ago (1 children)

device hoarding

That is not what this is called.

[–] arin@lemmy.world 9 points 7 hours ago

Consumers are being Anticapitalist! This is not a recession! We didn't fire half the country for people to spend less!! Think about our growing profits!!

[–] RememberTheApollo_@lemmy.world 8 points 12 hours ago

We should make devices lower quality to increase profits! More failures!

[–] uberdroog@lemmy.world 7 points 13 hours ago

My phone can fuck right off. Other than GPS and music...its really not as valuable as I may have once thought

[–] OneWomanCreamTeam@sh.itjust.works 23 points 17 hours ago

"A population with skyrocketing costs of living and stagnant wages cutting unnecessary spending, and that's a problem"

[–] octobob@lemmy.ml 18 points 17 hours ago (1 children)

29 months is long? What good for "the economy"? New phone every year?

I kept my last phone (pixel 3A) for 6 years. Only got rid of it when it finally stopped charging.

[–] luciferofastora@feddit.org 1 points 3 hours ago

18 months was the figure I once read somewhere. Absolutely ridiculous.

[–] sudoer777@lemmy.ml 22 points 18 hours ago

Now I want to hold my devices longer so the economy destroys even faster

[–] rothaine@lemmy.zip 27 points 20 hours ago (1 children)

Maybe "the economy" should give some more money back to working class people, ya dingdongs

[–] luciferofastora@feddit.org 2 points 1 hour ago

The consequence of squeezing every last cent from people

[–] Fedizen@lemmy.world 20 points 21 hours ago* (last edited 21 hours ago)

Fuck the economy. It can eat my ass.

Also with moore's law's death, why the fuck would anybody believe this productivity bullshit? Any device from 5 years ago can do what a device today can.

One more thing, wtf is this entitlement from electronics importers. Apple, google, samsung, etc can all fuck off until they move manufacturing back to north america.

[–] Dorkyd68@lemmy.world 15 points 21 hours ago

Good. If the economy is designed to only survive with constant spending then fuck it

[–] zuckey78@sh.itjust.works 10 points 19 hours ago

This is the new avocado toast

[–] dumbass@piefed.social 27 points 1 day ago (2 children)

PEOPLE AREN'T GIVING US MORE MONEY!

[–] UltraGiGaGigantic@lemmy.ml 3 points 7 hours ago

Buy! No money, only buy!

[–] BarneyPiccolo@lemmy.today 18 points 23 hours ago

Great! Now we're getting blamed for wrecking the economy because we aren't spending enough of our minimum wages on $2000 phones often enough.

Couldn't have anything to do with redistributing over a trillion dollars a year to Sociopathic Oligarchs, and not taxing them. How about forcing them to give each one of us a new phone every year. Or how about this: Just give us health care, like every other country in the world.

Not buying enough new phones? Go fuck yourself.

[–] SpankyDoodle@eviltoast.org 8 points 1 day ago

What do they think we all want to be influencers in the newest greatest thing. Way overrated. Fuck the economy. Id rather stop contributing to the piles of ewaste.

[–] enki@lemmy.blahaj.zone 30 points 1 day ago

Omg the poor economy, how could those selfish Americans do that

[–] melsaskca@lemmy.ca 9 points 1 day ago

Let's all feed the "economy beast" with fake, valueless, money tokens and buy hardware, while we all starve. Earn points!

[–] Aljernon@lemmy.today 34 points 1 day ago

It doesn't cost the economy at all; great efficiency frees up resources for other purposes. The only downside is to the companies that make the devices and rely on planned obsolescence for profitability. The stock market and "the economy" are NOT synonyms.

[–] smiletolerantly@awful.systems 28 points 1 day ago (6 children)

29 months

squeezing as much life out of your device as possible

FUUUUUCK YOUUUUUUU

Last phone I had for 7 years, through a screen replacement, 2 battery replacements, and a switch to LineageOS.

And I would not even call that "squeezing as much life out of your device as possible".

[–] UltraGiGaGigantic@lemmy.ml 3 points 19 hours ago

Last upgrade was forced because of a supposed upgrade to 5g. My network sent me the world's shittiest smartphone to replace my pixel which was 4g only.

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[–] Screen_Shatter@lemmy.world 212 points 2 days ago (15 children)

Holy shit keeping a device longer than 2 years is "device hoarding" now? Thats fucking nuts.

How do you invest so much money in a device like that and not make it last? I've got one phone I use for work calls thats 10 years old. People are still shocked I dont even have a case on it.

[–] UltraGiGaGigantic@lemmy.ml 2 points 7 hours ago* (last edited 7 hours ago)

“device hoarding”

The article about generational wealth is right around the corner I'm sure!

[–] Cocodapuf@lemmy.world 5 points 1 day ago

Yeah, fuck that. I'll keep my device as long as possible because of course I would! Try for five years.

"Hording"... The fucking nerve to say that... I am actually offended. Whatever happened to "recycle, reduce, reuse"? What could possible be more irresponsible than constantly replacing your devices?

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[–] Strider@lemmy.world 9 points 1 day ago
[–] Witchfire@lemmy.world 47 points 1 day ago

"The economy" can once again be replaced with "rich people's yacht money"

[–] Iamsqueegee@sh.itjust.works 129 points 2 days ago (1 children)

Maybe don’t base the economy on e-waste?

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[–] blattrules@lemmy.world 55 points 1 day ago (1 children)

Maybe the economy shouldn’t be so dependent upon disposable devices.

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[–] Routhinator@startrek.website 103 points 2 days ago (8 children)

What kind of twatwaffle writes this crap. Fuck your planned obsolescence.

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[–] gibmiser@lemmy.world 105 points 2 days ago (2 children)

Sacrifice yourselves for the economy

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[–] SaraTonin@lemmy.world 34 points 1 day ago (1 children)

Where’s that cartoon about financial news stories making much more sense if you replace the words “the economy” with “rich people’s boat money”?

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