Paycheck to paycheck you say?

More than 1 in 5 Americans think the new iPhone is worth going into debt, according to the personal-finance website WalletHub’s 2023 iPhone Survey, released today. To help people save money on their cell phone bills, WalletHub has also produced a handy Cell Phone Savings Calculator, which crunches the numbers on whether it’s better to buy a phone upfront or pay in installments, and much more.

Oh those bills

Please find additional highlights below, along with a Q&A with a WalletHub analyst.

Key stats:

  • Immediate upgrades: Nearly 2 in 5 Americans say they plan on purchasing the new iPhone launching this year.
     
  • Installments vs. single purchases: Nearly 2 in 5 Americans think it’s better to buy a cell phone in installments.
     
  • Rich or wasteful? : More than 1 in 3 Americans would categorize someone who always has the newest iPhone as wasteful, while 21% think of them as rich.
     
  • Budget carriers look appealing: 60% of Americans are willing to try a budget cell phone carrier.
     
  • Big company, small taxes: More than half of Americans say that Apple does not pay enough in taxes.
     
  • Discontent with credit checks: Almost half of consumers don’t think it’s fair that cell phone carriers check your credit score.

For the complete survey results, visit:
https://wallethub.com/blog/iphone-survey/39379

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