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Re:Price shocks in formative years scar consumption for life by sangnoir on Wednesday June 15, 2022 @01:13PM (#31756083)
It goes way beyond frugality - it is usually accompanied by a touch of hoarding (bought a new phone? Let's keep the old one even if it has a cracked screen, just in case... <throws phone into drawer full of hopelessly unusable and outdated electronic doodads>.)

A term I've seen bandied about for the collective symptoms is having a Scarcity mindset and it's based on insecurity/fear of unexpectedly running out of money (which was a frequent event in childhood)

John Scalzi's classic "Being Poor" blog post[1] details the effects of poverty in detail.

1. https://whatever.scalzi.com/2005/09/03/being-poor/

Re:Price shocks in formative years scar consumption for life by SoftTalker on Wednesday June 15, 2022 @05:48PM (#31759873)
With electronics specifically, it's often just more convenient to toss the old device in a drawer. You're not supposed to put them in the trash, and e-waste disposal often incurs a fee. This is why refrigerators end up dumped on the side of a road in a ravine, because municipalities make it harder to dispose of them responsibly than to just dump them.
Re:Price shocks in formative years scar consumption for life by jlawson on Wednesday June 15, 2022 @02:06PM (#31756850)
>(bought a new phone? Let's keep the old one even if it has a cracked screen, just in case... <throws phone into drawer full of hopelessly unusable and outdated electronic doodads>.)

Never been poor; me and my whole family have always done this. I just forced them to get rid of their standalone DVD player. They have remote controls for devices going back to the 90's.

The cellphone example is even better; you'd be a fool to immediately dump your old phone. It's small and easy to store, and if your new phone craps out or gets lost or stolen you may very well have a use for another phone that works right now. I have phones going back 2 generations.

This is just frugality and contingency planning.

Scarcity mindset is more like, "I have $300, I need to spend it before it goes away". That's what keeps people poor.

Re:Price shocks in formative years scar consumption for life by sangnoir on Wednesday June 15, 2022 @03:49PM (#31758472)
A -> B =/= B -> A

You don't have to be/(have been) poor to be a hoarder. On the old cellphone, my emphasis was a drawer full of backup-to-a-backup-to-a-backup devices that are now 10 years old and is running Android 2 and are potentially a fire hazard while charging and are not fit for use - they are emotional support devices. Keeping one generation of backup device is rational, 3+ means there's something to unpack.

I'm curious about how your family tradition came to be: a high number of people who experienced the great depressions in their formative years are/were compulsive hoarders in latter years.

Being poor is what keeps poor people poor; costs of necessities go down the richer you get; being poor is expensive

Re:Price shocks in formative years scar consumption for life by fomine3 on Thursday June 16, 2022 @12:36AM (#31762469)
Different view: sell your old phone soon so you can get better second hand price.
Re:Price shocks in formative years scar consumption for life by wolverine876 on Wednesday June 15, 2022 @02:45PM (#31757439)
> Never been poor

So what basis do you have for commenting on the experience of it?

> me and my whole family have always done this.

I'm sure there are other things that both your family and poor families have done, but that doesn't have explanatory value.

Re:Price shocks in formative years scar consumption for life by jlawson on Tuesday June 28, 2022 @07:06PM (#31914268)
I'm not commenting on the experience of being poor; I'm saying that the mentioned behavior isn't "part of being poor", it's part of being frugal.