We're Holding On to Our Phones a Lot Longer Than We Used To

There used to be a time when most of us were hanging on to our phones for two years at the MOST before we'd trade them in for an upgrade. Not anymore.

According to a new study, now the average person hangs onto their phone for two years and 10 months. That's a notable jump from even two years ago, when we kept them for two years and five months.

So what's changed? Three main things: Phones cost more now . . . the cell phone companies don't give the same discounts they used to . . . and they mostly got rid of two-year contracts, which pushed us to upgrade on that cycle. 

(Wall Street Journal)

Photo:  Getty Images

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