Americans are holding onto devices longer than ever and it's costing economy

Americans aren’t upgrading their phones as often — and surprisingly, it’s hurting the economy

While the trend in consumers isn't that alarming, the same for businesses can trigger harm.

Americans are holding onto devices longer than ever and it's costing economy

Americans are holding onto devices longer than ever before, and while it may be consumer smart, it comes at a cost to work productivity and the U.S. economy.

Americans are holding onto devices longer than ever and it's costing economy

Americans are holding onto devices longer than ever before, and while it may be consumer smart, it comes at a cost to work productivity and the U.S. economy.

“Americans are holding onto devices longer than ever and it’s costing the economy” – OSnews

We need to consume. 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 dev…

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How Americans' hoarding of devices is costing the economy

If you're holding on to your outdated printer or cracked smartphone for longer than you planned, you're not alone. Heather Mitchell, 69, retired and living in Tucson, Arizona, is happy with her phone, even though it is old by smartphone standards. “My Samsung Galaxy A71 is six years old. It's held up surprisingly well for […]