When it comes to putting your money near your mouth, we'll chose cell phones

Mom-0-nomics
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	More Money The average American saw her earnings rise more than prices. TheTTheiIFind out here if you're average.
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	Teach New thinking says economic education should be taught in grades K-12 and way beyond. TheTTheiIDon't be left behind.
	Win People lose money in the market but if laws were broken, you could be reunited with your cash. TheTTheiIDid you invest here???
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	Move Shopping for a new place to live is a big economic decision. WheSee the most expensive cities.

Written by The Home Economist

Thursday, 04 March 2010 03:05

As these dollar amounts prove, we've finally cut the cord. By Brett Graff

If something is going to be addicting, it has to eat up our money and now cell phones officially fit the bill. Consumers now spend more money on them than on residential land-line phone service, the government's Consumer Expenditure Survey reported. Actually, it happened in 2007 but it takes a while to measure this stuff and the report was just released today.

Each of us, on average, spent $210 on cell service in 2001 and now that amount swelled to $608 in 2007. Spending for land line service, on the other hand, fell from $686 to $482 during that time.

Hey, cords and dial tones: Buh-bye.

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