Study: Nearly 28 million Americans admit new iPhone would be worth going into debt for
WASHINGTON (WJLA) -- Nearly 28 million people admitted that the new iPhone to be released on September 12 would be worth going into debt for, a WalletHub study found.
According to the study, millennials are five times more likely than baby boomers to go into debt for the new phone and forty-four percent of millenials said their cell phone had a " bigger impact on their life than their credit score."
The study goes on to detail how nearly 187 million Americans admitted to trusting Apple and Google with their personal data over the government and another 19 percent said unlimited phone data was more important to them than having a good credit score.
Check out WalletHub's Cell Phone Savings Calculator if you're looking for ways to cut back on your cell phone bill.
