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The Phone You're Paying For But Not Getting

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Top message:  It's amazing how hard it is to get people to understand this by Globhead   Mar 20, 2013, 11:14 AM

Replying to:  Re: Sadly, most Americans are economically ignorant by Slammer   Mar 21, 2013, 8:06 AM

Re: Sadly, most Americans are economically ignorant

by Joshiwa    Mar 21, 2013, 10:25 AM

The bank loan example doesn't stack up very well. After you pay off your car loan to the bank you are no longer using that banks services, but you are with a cell phone company.

Also, how hard is it to understand that cell phone carriers are a "for profit" organization? They don't want to "break even" on phone and services they offer. For their shareholders, own financial security, and growth to provide you (the demanding and self-entitlement consumer) with new services like 4G, new cell towers, and rich device lineups they must make $.

This is a useless article and causes more problems than good. If Every major cell phone company was debt free and rolling in dough then maybe we should address this but the fact of the matter is most companies have lots of loan debt.

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