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Americans are holding onto devices longer than ever and it's costing the economy (cnbc.com)
submitted 11 months ago by 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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[–] 48 points 11 months ago (1 child)

While it may seem to be a smart money move, it can result in a costly productivity and innovation lag for the economy.

For the love of god! Won't somebody think of the economy?!

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