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-- -- -- -- Neither is mobile email and web browsing the Labor Department reports spending on phone services went up more than 4% last year that's the fastest rate in seven years.
The Wall Street Journal which is owned by the parent company of this network reports families using multiple Smartphones.
Are spending thousands of dollars a year.
In some cases 4000.
Cutting back a little things like clothes and food eating out.
I told you the -- company owns this play owns the blue Wall Street Journal and it's it's it's amazing senator John busing.
Is with us now this is interesting article -- who -- would have thought that this percentage of -- -- budget would be spent on the freaking phone ya -- -- and -- -- our reporter.
Has this on the web right now look you know is -- a glass half full or glass half habitually glass nine tenths fool right because.
Your -- paint a lot more for these services.
But think of the services you now get on your cellphone so nine in ten Americans.
Adults have cell phones now.
Roughly half have iPhone like devices -- once ordered other.
You're getting streaming video your your cruising the that the web you're you're paying your bills -- your your doing your banking on your phone now.
So it's an incredible incredible productive device but it's costing us more yet.
I guess that -- and have to figure out a way to consolidate I know that there are plans family plans of sorts but.
The data usage charges are still there yeah that's right and the -- companies as saying look the faster we get.
The more who revenue that will get -- -- the the new system via the new networks coming out now that will increase speed.
People get addicted to that you and I do right we want to have a really quick web experience that we.
Have a browser and a system and I network that's fast we're gonna pay for that.
So the visited the company's -- to a telephone companies to service providers.
Are seeing their -- go up by billions of dollars -- 37 billion between 2007 and -- dead end to 2011.
-- S -- that this is an increase another fifty billion over the next five years why is that because.
There will be more iPhone like devices out there of -- so cellphones that have this capability to do multiple functions.
And the be more within a single household.
Lot of money and I suppose there's a lot of Tug of -- that's about to happen between these companies for all of -- customers yet you what you would you would hope that because that's going to be the competition that drives down some of the price.
On not just the phone but on the services as well they -- -- -- consumers -- account have to count on that but in the meantime.
They're they're paying more they're getting a lot more than they used to and they're getting rid of their -- -- right how many people do you know that.
Now just have cellphones at home because they didn't use the land mines in -- -- it's easier to count the number of people who who have land lines than.
Than those who don't yeah that's right around his John but he -- -- you pleasure thank you.
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