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

submitted 4 hours ago by alyaza@beehaw.org to c/technology@beehaw.org

51 comments fedilink hide all child comments

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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[–] mesamunefire@piefed.social 4 points 2 hours ago* (last edited 2 hours ago) (1 children)

Our devices don't change all that much to be honest. And the battery degregation is the only real reason to get a new phone. Some companies are even making it easy again to fix phones again.

Plus people can't afford 1000$ phones full stop.

[–] NecroParagon@midwest.social 1 points 13 minutes ago

Yeah the last time I bought a phone was around 2021-22 with the S22, and that was the last time I could actually afford to buy a phone like that. If I were to buy a phone now it would be a cheap phone, not a main model from a big brand. My S22 still works, so I'm gonna keep using it.

The battery is starting to show its age, but nothing I can't work around.