> largely depends on the economy … Unfortunately, it depends on the mentality. My well off friends often pay good money up front to buy the latest and hold ont

> largely depends on the economy … Unfortunately, it depends on the mentality. My well off friends often pay good money up front to buy the latest and hold onto a device(smartphone, laptop, sometimes tablets etc.) for 5-7 years. My less well off or broke friends show the opposite, they often go out of their way to take debt(contracts, installments, pay later etc.) and continue upgrading to latest phone/watch/tablet/fitness tracker every year. It feels like that there is some kind of overcompensation combined with FOMO involved. I don’t want to generalise this, but I had known probably a sub three figure people from my childhood and have seen this same behavior repeated always. One of my friend in marketing told me that, people buy dreams, and hope that a new dream will help them forget the nightmares/problems, hence all adverts often include happy smiling beautiful people or conveys some form of freedom, prestige, social status … Just a thought.