Rising costs and a global RAM shortage are driving more US consumers to purchase refurbished electronics as a cost-effective alternative to buying expensive new tech devices.

Key Points

• A CNET survey of 2,638 US adults found that 48% have considered purchasing refurbished technology within the past year.
• Younger generations show higher interest, with 57% of millennials and 56% of Gen Zers considering secondhand devices compared to 34% of Boomers.
• The primary motivations for choosing refurbished goods include lower prices, the high cost of new models, and environmental concerns regarding electronic waste.
• A global RAM shortage, referred to as "RAMageddon," is currently driving up retail prices for both new and existing tech inventory.
• Experts recommend purchasing from certified retailers like Back Market, Apple, or Best Buy to ensure devices include warranties and return policies.

Why it Matters

The shift toward refurbished electronics reflects a broader consumer response to inflation and the rising price of premium hardware. By opting for secondhand devices, shoppers can mitigate the financial impact of supply chain shortages while simultaneously reducing their personal environmental footprint.