Consumer spending is what keeps everyone employed. Even in Silicon Valley because who do you think is buying all the ads?

> Upgrading your car when you dont need to is wreckless spending.

But that's what creates the used car market, which is much bigger than the new car market. When people stop buying new cars it means tons of layoffs, which means tons of reduced spending by all the previously employed auto workers, which means more businesses lay people off, etc etc.