How long do you keep your phone before buying a new one? It is based on this article that especially Apple fanboys, buy a new phone every year when the new one comes out.
How long do you keep your phone before buying a new one? It is based on this article that especially Apple fanboys, buy a new phone every year when the new one comes out.
The thing about rich people is that they don’t care about making responsible choices. $1000 is throwaway money to them when they have a $60,000 leased car and go to disney twice a year.
If you’re getting a new phone every year, you’re not throwing away $1000. You can easily sell it after a year for $700 or more.
I’m not sure about Apple, but Samsung has some ridiculously good trade-in offers sometimes. My wife upgraded from an S21 Ultra to an S26 Ultra this year, and got something like $250 for trading in her old phone. About the same as what they were selling for on eBay. I’ve seen them offer $600+ for last year’s model.
This depends a lot on the person. There’s plenty of rich people that earned it rather than being born into it, and still live frugally. I work at a big tech company and there’s plenty of people with mid to high six figure salaries that still use coupons, keep their phone for 4-5 years, and save as much money as they can. Living well within your means on a higher salary lets you retire early, and for some people that’s worth more than any frivolous spending.