The original headline is revealed by the URL: “How Device Hoarding by Americans Is Costing the Economy”. Got that? DEVICE HOARDING. It’s official: CNBC is completely out of touch with how the billionaires are hoarding all the money (aka, “Costing the Economy”!), leaving ordinary folks struggling to buy food, let alone a new $1100+ iPhone every year.
@ThisIsTrue why should I buy the "greatest", shiny new toy when what we have works well and does what we need it to do? I will put my money into house upgrades, food, clothes to replace worn out items and other necessities.