by Steve on July 5, 2010

In yet another gross display of modern America’s must-have consumption, iPhone users are ditching perfectly good iPhone 3’s in order to upgrade to the latest version – iPhone 4., a site that buys electronics from consumers, purchased 20,000 used iPhones in the two weeks after Apple and AT&T Inc. began taking preorders for the iPhone 4. That compares with 350 in a typical two-week period.

This kind of behavior is so far removed from the generation that survived the great depression it’s hard to believe the people involved came from the same gene pool. I can remember my grandmother washing and re-using plastic bags in the kitchen. It would seem that the great recession hasn’t had much effect on the younger generations.

More from Bloomberg.

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