While most people love to save some money these days, they also want to get things that are of good quality, and according to a new survey, they’re willing to shell out extra money to get it.
A survey by Slickdeals finds:
- 60% of Americans say they’d be willing to spend more money on quality items than get something that’s cheaper and of poorer quality.
- In fact, the average person would gladly pay more than twice the asking price for something that would last 20 years.
- 63% of people have come to that realization after being burned by a cheap version of a product.
- When it comes to items that last, the average person has held on to their oldest own item for 15 years.
- Some of the oldest items they use daily include:
- Phones (25%)
- Cars (13%)
- Watches (8%)
- 67% of people say there are some items they would always pay more for as long as they last, including:
- Cars (34%)
- Kitchen appliances (34%)
- Cookware (30%)
- TVs (28%)
- Phones (26%)
- Jewelry (26%)
- Watches (25%)
- Exercise equipment (22%)
- Dishware (19%)
- Shoes (19%)
Source: Yahoo Finance
pHOTO: gETTY