Spending Increases on Cell Phones

, Posted: Mon, October 8 2012 at 10:05 AM, Updated: Mon, October 8 2012 at 10:16 AM

In a tough economy many Americans are finding ways to cut back, but a new federal study reveals that their cell phones are the one item they can't seem to put down.

In 2011 spending on phone service increased by more than four percent. It also found that some Americans are spending more on their monthly phone bill than their car payments.

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