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

  • _haha_oh_wow_@sh.itjust.works
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    9 months ago

    Merino wool socks: I bought a bunch 10-15 years ago and they’re just now starting to die. Need to save up and buy more again.

    • captsneeze@lemmy.one
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      9 months ago

      I’m a Darn Tough sock devotee. Same deal as you. I didn’t want to spend the money for a long time, then I finally shelled out for 8 pairs. This was many years ago, and still wear them daily. I’ve since added a couple more pairs.