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Rising Smartphone Bills Cut Into Family Budgets
ResumeAnd that's translating into dramatically higher cell phone bills. Last year, some families with four smartphones spent more than $4,000 to stay connected.
That figure has been rising for the past four years.
But as families increase the amount of money they spend on cell phone service, they're cutting back in other areas, like eating out, clothes and entertainment.
And economic experts say that shift in spending is hurting the bottom line of restaurants, clothing stores and the film industry.
- Wall Street Journal: Start-Up Skirts Cellphone Data Plans
Guest:
- Anton Troianovsky, telecom reporter for the Wall Street Journal
This segment aired on October 2, 2012.