Apple users also grasp with today’s economic insucurities. (Cont.)

Hi, Donte (continuing previous threads as they got soiled)

*trigger warning*: A mature and unbiased conversation to follow.

You said.

“I think most people quit updating their phone every year and moved to a 2+ year cycle”

This is why:

“Carriers now offer payment plans under which the buyer of a phone can pay a monthly fee for a certain period — say, two years — and then own it outright. 

Perhaps the inflection point?

However, some people aren’t eager to take on monthly fees for a new phone right after they’ve paid off the last one.

Concerning your other comments, I can perceive you’re focusing on the younger generation (I haven’t looked at consumers under 35 yet)

Donte “This economy is crushing people.”

I anecdotally reflect your comments from my daughter, nieces, and nephews. My daughter talks about her financial choices with me and your statements echo what she told me, it’s word per word a match.

Donte “I know lots of people, most young that are looking staying in apartments for a long time because there is no way they can afford a home. Niceties are going out the window in favor of necessities. “

She is also holding off investing, mortgages, luxury (niceties)

Outside millennials:

Our data shows that baby boomers and Gen X have somewhat (5 point scale) slowed down on spending. 

In our samples, people purchasing investments has drastically slowed. Insurances have remained flat. Customers today are more likely to engage their financial agents/reps or find another financial rep from competitors. 

Below is another reality, my statement:

“Maybe Apple users are starting to hold on to their existing devices, for once instead of waiting in lines at midnight for the next big thing.” is reflected in the following:

What I said is true. Articles among articles from market analysts among analysts agree. 

Here are more quotes:

‘Now, more cardholders are carrying debt from month to month and fewer can pay off their balances in full.” 

“We are still largely a paycheck-to-paycheck nation,” said Mark Hamrick, senior economic analyst at Bankrate.”

–Jack Kleinhenz, chief economist at the National Retail Federation