New research has revealed that the average U.S. adult is sitting on over $2,000 worth of unused tech -- with the majority of consumers surveyed owning at least one camera in their home that they are not using.
In MPB’s online survey, which was completed by 13,000 adults, two-thirds of Americans revealed they have at least one piece of unused tech in their home.The average amount consumers spend every year to keep up with the latest technology is over $500. And two-thirds of consumers surveyed feel that the cost of technology is too expensive.
According to the survey, millennials and Generation Z are holding on to the most unused tech. Adults aged between 18 to 34 have an average of $3,691 worth of unused tech in the U.S. 56 percent of them have at least one unused camera in their home. “Circularity should be a way of life but our research shows that this really isn’t the case when it comes to unused tech,” says Matt Barker, Founder and CEO of MPB.
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