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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[–] Acamon@lemmy.world 240 points 5 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 5 days ago* (last edited 5 days ago) (1 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.."

[–] LifeInMultipleChoice@lemmy.world 27 points 5 days ago (1 children)

NBC is owned by Comcast, who also owns Xfinity and invests in T-Mobile. At some point there is going to be just 3 companies running everything and the courts they own will say they aren't monopolies

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[–] Bennyboybumberchums@lemmy.world 12 points 3 days 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.

[–] Chivera@lemmy.world 36 points 4 days ago (1 children)

Oh no! Not the economy 😭

[–] JigglySackles@lemmy.world 4 points 4 days ago

Someone please think of the shareholders!!!

[–] naught101@lemmy.world 41 points 4 days ago

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

[–] MartianSands@sh.itjust.works 129 points 5 days ago (2 children)

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

[–] Zetta@mander.xyz 52 points 5 days ago

Gotta love American capitalist propaganda.

[–] mrgoosmoos@lemmy.ca 20 points 5 days ago (1 children)

the framing on it lmao

"corporation device hoarding"

you mean businesses keeping devices that they KNOW work instead of changing to devices with bullshit new issues created so more of your data can be harvested and you can be advertised to more?

[–] ByteJunk@lemmy.world 10 points 4 days ago (1 children)

I've worked at large (5k+ workers) companies that were running Windows XP well into the late 2010's, with matching hardware. That was too extreme (goddamn ie6).

But this article makes me sick. If the economy needs people to throw away perfectly usable goods and buy new ones, the problem isn't the people, it's the fucking economy. It's time to take a step back and rethink the system, because it's gonna implode.

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[–] Duamerthrax@lemmy.world 37 points 4 days ago
[–] Don_alForno@feddit.org 45 points 4 days ago

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

[–] 0ops@piefed.zip 77 points 5 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.

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[–] Voroxpete@sh.itjust.works 91 points 5 days ago

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

[–] modestmeme@lemmy.world 111 points 5 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.

[–] Broadfern@lemmy.world 26 points 5 days ago

That’s my plan. Primarily food and handmade/carefully picked gifts rather than lavish this year.

Also wtf? How is 2 years “a long time” to hold onto an expensive machine? Mine have been at least 4-5 years between buys. Products are supposed to last.

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[–] WoodScientist@lemmy.world 78 points 5 days ago (1 children)

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

[–] Agent641@lemmy.world 16 points 5 days ago

Ship them in a container to Ghana to be "recycled" in a bonfire with the rest of the ewaste

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.

[–] moopet@sh.itjust.works 30 points 4 days ago

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

[–] bitwolf@sh.itjust.works 17 points 4 days 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.

[–] BanMe@lemmy.world 20 points 4 days ago

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

[–] Entertainmeonly@lemmy.blahaj.zone 28 points 4 days ago (2 children)

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

[–] ICastFist@programming.dev 7 points 4 days 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 4 days ago

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

[–] bob_lemon@feddit.org 8 points 4 days 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 4 days 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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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.

[–] MonkderVierte@lemmy.zip 22 points 4 days ago* (last edited 4 days 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.

[–] MonkderVierte@lemmy.zip 42 points 5 days ago* (last edited 5 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 4 days ago* (last edited 4 days 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.

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[–] TropicalDingdong@lemmy.world 50 points 5 days ago (1 children)

Oh no not the economy 😭😔

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[–] meathorse@lemmy.world 8 points 3 days 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

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[–] lemmy_get_my_coat@lemmy.world 5 points 3 days ago

"device hoarding" Fuck off

[–] Treczoks@lemmy.world 23 points 4 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...

[–] captain_aggravated@sh.itjust.works 28 points 5 days ago (2 children)

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

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[–] ValiantDust@feddit.org 32 points 5 days ago* (last edited 5 days ago) (1 children)

Me, reading this on my 86 month old phone and feeling like the left's greatest hero for dealing such a mighty blow to capitalism.

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[–] DioramaOfShit@lemmy.world 20 points 5 days ago (2 children)

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

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[–] Aljernon@lemmy.today 5 points 3 days 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.

[–] snooggums@piefed.world 26 points 5 days ago

device hoarding

Get the fuck out of here.

[–] TheDemonBuer@lemmy.world 29 points 5 days ago

Fuck the economy.

[–] fodor@lemmy.zip 19 points 5 days ago (2 children)

No you fucking dolt, it is saving the economy a ton of money to spend on other things.

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[–] Lucidlethargy@sh.itjust.works 17 points 5 days ago

The issue isn't money, it's the complete and utter lack of innovation on the devices being sold.

Quality is another issue. I was forced to buy a new phone, and ended up with a OnePlus. The software is so broken that I can no longer use my launcher I've used for a decade now. The home button glitches out when I do.

[–] N0t_5ure@lemmy.world 18 points 5 days ago (1 children)

There is no need to upgrade devices every two years ago, which used to be the norm. A decade or more ago, each new generation of phone was a huge leap forward. Today, not so much. Maybe a marginally better camera or a touch more battery life, but nothing earth shattering, and the camera and battery life on my "ancient" Pixel 6 Pro are more than adequate for my needs. I'll probably upgrade in the next year or so, to a used Pixel 9, because the price of them used has plummeted since the release of the Pixel 10, and the Pixel 6 is nearing the end of its support by GrapheneOS.

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[–] Triumph@fedia.io 17 points 5 days ago

It's costing whose economy? Every purchase that anyone makes costs them more than it should, with that "more" going directly into the pockets of wealthy owners who provide little or no value. When people purchase less, they are primarily hurting those wealthy owners.

[–] KaChilde@sh.itjust.works 9 points 4 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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