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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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129

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

submitted 3 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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[–] CanadaPlus@lemmy.sdf.org 11 points 2 days ago (1 children)

X to doubt.

About the "hurting the economy" part. Replacing more stuff = more economy is a well-known economics fallacy and they should know better.

[–] Viking_Hippie@lemmy.dbzer0.com 2 points 16 hours ago

you will oblige me to call out, "Stop there! Your theory is confined to that which is seen; it takes no account of that which is not seen."

We stan a polite and precise, yet no less scathing for it, trash talker 😄❤️

That's pretty much the "check yourself before you wreck yourself" of his age