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Spending on Mobile Phone Surpasses Residential Phone Services

Recent statistics from the Bureau of Labor Statistics’ Consumer Expenditure Survey has shown that American have been increasingly spending on mobile phones from 2001 through 2007. BLS data indicates cellular phone expenditures surpassed spending on residential landline phone services beginning in 2007.

From the report: “In 2001, the ratio of spending on residential phone services to spending on cellular phone services was greater than 3 to 1. In 2007, cellular phone expenditures accounted for 55 percent of total telephone expenditures compared to 43 percent for residential phone expenditures. The distribution of telephone service expenditures between residential telephone/pay phone services and cellular phone services changed significantly in all age groups since 2001.”

By CircleID Reporter

CircleID’s internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us.

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