Technology Bills is exceeding Utilities bills of the U.S Households

U.S Households Spend More On Technology Bills Than Utilities, Study Says

The majority of U.S. households spend more per month on technology bills than on utilities, according to a new report published by remote technical support company iYogi.

iYogi surveyed 1,100 customers to determine whether consumers' monthly expenditures aligned with the U.S. Department of Energy estimate that Americans spend 6 to 12 percent of their yearly incomes on utilities.

Surprisingly, 63 percent of households surveyed by iYogi reported spending 35 percent more per month on technology-related bills than on utilities, with mobile phone bills accounting for the highest technology expenditure at around $94 per month

The average two-person family owns around 7 IP devices, or devices that connect to the Internet, including laptops, tablets and smart phones. Among families with three members or more, the number of IP devices per household jumps up to 10 or 11.

Gary Kim, contributing editor at TMCnet, pointed out that the study's conclusion about mobile phones does not account for the fact that mobile phones are sold to individuals, whereas fixed-line Internet service and cable are sold to locations.

"There are, in other words, about four times as many potential mobile customers as residential broadband access, cable TV or landline voice accounts," Kim wrote.

Kim also points out that heating and cooling expenses vary across the country. That means large families in more temperate areas may spend the same percentage of income on technology bills as small families living in areas where heating and cooling expenses are higher.


Sources:
huffingtonpost
iYogi Insights
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