Americans are holding onto their smartphones and other devices longer than ever, but researchers claim this trend comes with a hidden cost to the economy.
CNBC reports that in recent years, Americans have been clinging to their aging smartphones, computers, and other electronic devices for extended periods. While this may seem like a financially prudent decision on an individual level, experts warn that the collective impact of this trend could be detrimental to the economy as a whole.
According to a recent survey by Reviews.org, the average American now holds onto their smartphone for 29 months, a significant increase from the 22-month…
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