Trade down

Definition 1 of 3

Pro Tip 1/3

Economic Necessity

Used when financial constraints force buying less expensive items.

Illustration for Economic Necessity

After the budget cut, the department traded down their equipment.

Pro Tip 2/3

Voluntary Simplification

Can also imply choosing simplicity or minimalism voluntarily.

Illustration for Voluntary Simplification

I decided to trade down my smartphone for a basic one to disconnect.

Pro Tip 3/3

Temporary Measure

Often a short-term solution until financial situation improves.

Illustration for Temporary Measure

We're trading down our apartment, but we plan to upgrade later.

Visual representation of the word "Trade down"

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