If you earn ₹30,000 a month, this iPhone costs you more than 5 months of salary: What makes people spend so much on a phone

Expensive smartphones often represent a badge of honor for individuals, serving as a gateway to feeling successful and connected. Psychologists suggest that this attachment goes beyond mere technology, linking closely to identity and social status. The pressures of social comparison and the anxiety of missing out compel many to invest in these devices.
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