We've all suspected for a while that even though the cool offerings of the technological world have made our lives easier, they've also forced us to alter our lifestyles in a negative way. Now there's finally a study to substantiate that hunch.
Almost half of the American population is spending less than before on travel, food and health care just so they can grab the newest and latest gadgets, according to the CNBC All-America Economic Survey.
Based on a sample size of 805 participants spread all across the country, the survey noticed that 49 percent of respondents kept pace with the ever-evolving tech industry by making significant cutbacks in other aspects of their lifestyle. Of the surveyed gadget lovers, a staggering 41 percent have reduced their outlay on food, clothing and health care, while 33 percent aren't eating out or going to the movies as often as they used to.
Women ages 18-49 make the most sacrifices to satisfy their digital desires. Income-wise, those with yearly earnings of $50,000 and $75,000 cut back the most for technology.
While technology in itself is not a bad thing by any means – quite the opposite, in fact – the way it is marketed and diffused among the masses is far from ideal. The artificial creation of demand where none exists – for corporate gains – is a practice that needs to be corrected, or the growing imbalance highlighted in the study above could take a turn for the worse.