49 Percent of Americans Cut Back on Spending to Afford Technology…

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Forty nine percent (+/- 3.5 percent) of the U.S. population has cut back on spending to afford technology, according to The CNBC All-America Economic Survey.

One third of survey participants cut back on entertainment to afford tech. Twenty percent cut back on clothes spending, 11 percent cut back on food, and 10 percent cut back on health care spending to pay for technology.

The survey says that 60 percent of women ages 18 to 49 and 60 percent of people making $50,000 to $75,000 cut back on spending to afford technology.

805 people responded to the survey, which seems a little too small to make sweeping generalizations. No information was given on population surveyed or overall demographics of those who responded.

 

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

Image: ‘New Technologies‘ by Alba Soler, licensed under Creative Commons Attribution 2.0 Generic (CC BY 2.0).

7 Responses

  1. There is something...

    Absolutely not a surprise here. I’ve been saying that for years in fact: when you spend $600 every 18 months for a new smartphone, you will obviously cut the “entertainment” budget.

    Also, 800 people for a survey is not a problem, as long as they selected the people carefully.

    Reply
  2. Dave 5000

    People making $50,000 to $75,000 a year are cutting back? They need to get their priorities in order and stop being ignorant when it comes to finances. There are people who make considerably less than that and are still able to save money. Of course if they have kids or old parents to take care of I can kind of understand that, but if they don’t then they really have no excuse.

    Reply
  3. JAIO

    tech heavy house here … what I spend a month on xfinity and verizon would make some folks gag … try $500 a month .. .and yes, I’m in that income bracket.

    Reply
  4. Joseph Nicoletti Consulting

    Right from the Digital Start, “Everyone” took advantage of anything FREE with technology, Steeling was not on their minds, just was there for the taking,.Now, people are starting to see that non payment for any/all talent “IS” steeling, but who cares !.Well,.it is up to the Right thing to do “People”. and who are they ??? YOU and ME!… ..Joseph Nicoletti Consulting-Promotion,Laguna Beach,California-USA Office (949) 446-8005.

    Reply

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