If our economy is so bad, how can so many millions of people afford a new iPhone every time one comes out? Many of these people are young adults. I see them on facebook, all bragging about their newest acquisition. It makes me wonder. Are they paying their credit card bills? Are they paying back their college loans? Are they saving for their kids' college? Of course I don't know; but I have a feeling that for many of them, having the newest gadget might come first!