Tag: Consumer Advocacy

Cyber Monday Advice: Don’t Buy the Extended Warranty

 

For a change in pace from all the politics, I thought I’d offer a little consumer advice as we head into the Christmas shopping season. To wit, buying an extended warranty is almost always a bad idea.

To explain why, let me show you a graph of the typical life-cycle of a manufactured product. In engineering we call this a ‘bathtub curve’ because of its resemblance to the shape of a bathtub:Bathtub Curve

Member Post

 

Since my building is devoid of such amenities as a doorman, I get packages delivered to work.   Months ago, my sister sent me something via Express Mail and though the tracking information online read “Delivered” on the day it was due, the guys in our mail room tore the place apart and found no sign […]

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