Nearly Half of US Adults Have Considered Secondhand Tech, CNET Finds. Here's What's Motivating Them
Nearly half of US adults have considered buying refurbished tech in the past year, driven by rising costs of new devices and economic factors like the RAM shortage. Younger generations, particularly Millennials and Gen Z, are more likely to consider secondhand tech than older generations such as Baby Boomers. Cost-effectiveness, high prices of new models, and environmental concerns are key reasons behind the growing interest in refurbished electronics.
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Is it me, or is life becoming more expensive every day? Maybe you've been eyeing a Nintendo Switch 2 or the latest iPhone, but the cost of essentials, like gas and groceries, is making it nearly impossible to pay hundreds of dollars for new tech. On top of that, the RAM shortage, dubbed RAMageddon, is increasing prices on tech devices, even those already on the shelves. The boom in artificial intelligence has sucked up RAM and DRAM storage -- which most personal devices need. Now, the shortage is causing manufacturers to raise prices on tech. You may even see prices increase for devices already in stores, but this price hike may vary depending on the retailer.
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