How Old Is Your Phone?

Most homeschoolers have mastered the art of saving money, and more Americans are trying to do the same by hanging onto their phones longer.

While many of us had the same phone in our home throughout our childhood (or maybe two if our parents splurged and went cordless at some point), in the era of smartphones, the average lifespan of a phone two years ago was only 2.37 years. According to new data from Hyla, a company that focuses on the secondary-use market for smartphones, Americans are now keeping their phones for nearly 3 years in an effort to save.

“When your payments are done…all of a sudden, you don’t have to pay that additional fee. There’s a psychological impact there,” Brad Akyuz said in an article in the Arizona Daily Sun.

Other factors cited for the longevity increase were more expensive phones, easier access to phone repair services, and a slow-down in technology advancement from the days when people were first flipping their phones shut in favor of smartphones.

“When the average consumer is looking at these prices and looking at these features coming out of these new phones, they’re kind of perceiving, ‘Well, is there really that much difference?’” said Biju Nair. “The general sense is, ‘My phone is currently good enough.’”

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