The boots theory is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.

https://en.wikipedia.org/wiki/Boots_theory

  • ladicius@lemmy.world
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    5 months ago

    15 years ago I bought designer chairs for the living room, each one was north of 400 Euro, although my flat is really small and looks the opposite of posh.

    High quality, massive steel and thick leather, will last for the rest of my life.