Americans Long Overdue to Replace JFK-Era Durable Goods

Americans have been holding on to their wobbly washing machines and sagging sofas even longer than their grandparents did 50 years ago, setting the stage for a rebound in consumer spending as old household goods wear out.

The average age of consumer durable goods -- long-lasting items such as furniture, appliances and computers -- is the highest since 1962, according to data from the Bureau of Economic Analysis dating to 1925. Among things Americans are keeping for the longest time: jewelry and wristwatches and home and garden tools like lawnmowers.