Recession fears raise alarm bells for American mobile phone users

Posted By TelecomTV One , 20 March 2009 | 1 Comments | 0 people rated this an average of 3/5

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Tags: Trends Research

Survey shows a major shift as consumers plan to cut back on phone use to save money, reports Leila Makki.

According to a new survey by New Millennium Research Council, two out of five Americans or 60 million consumers are considering cutting back on their contract-based phone expenditure, if the economy gets worse over the next six months.

The survey, "60 Million U.S. Consumers Worried About Recession Likely to Hang Up on High Cell Phone Costs", found that 40 million Americans or 26 per cent of consumers with contracts are "more inclined today than ...

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(1) 20 March 2009 15:23:40 by Raymond Biehl So many people can save substantial amounts of money by looking at their cell phone spending with a critical eye. Bloated and restrictive cell contracts should have been a thing of the past long ago. Yet people still fall for the fancy phones with all the bells 'n whistles, signing two year contracts for a service they could be paying less for if they went prepaid. Oh well, my prepaid is working well for me and in the last year I saved roughly $450 with NET10 compared to the year before while on contract.

(1) 20 March 2009 15:23:40 by Raymond Biehl

So many people can save substantial amounts of money by looking at their cell phone spending with a critical eye. Bloated and restrictive cell contracts should have been a thing of the past long ago. Yet people still fall for the fancy phones with all the bells 'n whistles, signing two year contracts for a service they could be paying less for if they went prepaid. Oh well, my prepaid is working well for me and in the last year I saved roughly $450 with NET10 compared to the year before while on contract.

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