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I'm going to go with a slightly unorthodox answer. Phones.
You don't need a new phone every year. You don't need a new phone every two years. You don't even need a phone every three years. Your old Galaxy S7 or iPhone 6 still works. Don't waste your money keeping up with the latest phone. So what if it has a slightly better camera? What are you taking pictures of? What does it really do that your old phone doesn't?
Once you properly consider everything you realise that you only really need to upgrade your phone every 4-5 years minimum. Many will last much longer.
I suppose it’s just a byproduct of the cellphone boom and how fast things changed. Almost feels locked in by default to upgrade if you started out with a brick phone, flip, camera, then finally smart, and smart phones advanced pretty well for a while, but feels like they’re all the same now, incremental upgrades. But here I’m am still stuck on this ride.