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129

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

submitted 4 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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[–] gandalf_der_12te@discuss.tchncs.de 2 points 3 days ago

Relying on turnover sales and nothing else.

The best way to grow the economy is to develop spaceflight. If you fly to mars, there's millions of acres of free real estate waiting for you. Time to construct and grow the market.

There's no more meaningful growth on Earth possible, because the physical limits have been reached. This effect has been predicted as far back as in 1970 with the report: The Limits To Growth. We're finally seeing the effects of that now.