Friday, October 16, 2009

Cell Phone Contracts Declining Due to Recession

The current economic recession is causing havoc on the lives of hundreds of thousands of people across the globe. Business are among the hardest hit and unemployment is on the rise. The tough economic climate is also having a great impact on the mobile phone industry. For instance, some consumers are dumping their mobile phone contracts to save money.

According to a recent study, almost twenty percent of polled cell phone users claim that the financial crisis have forced them to cancel their wireless contracts. This research was conducted by the Opinion Research Corporation (ORC) for the New Millennium Research Council (NMRC).

But why are consumers choose to terminate their cell phone contracts? Well, they are looking for cheaper alternatives for wireless communication. Some have decided to go with prepaid cellphones which are cheaper and does not involve fees that are associated with wireless contract handsets.

Some of the consumers involved in the ORC expressed that they are thinking about ditching their cell phones altogether and communicate using landlines. Some users have also revealed other recession countermeasures like cutting back on "extras" such as text messaging and mobile web browsing.

Well, the current recession is certainly forcing people to change their spending habits including mobile phone communication. I have to say that there are plenty of deals out there that can help consumers to minimize spending. Sacrifice is need until the economy becomes robust again and we have money to spend on extras.

That's it for this post. Tune in to this blog to get more information and updates on the realm of wireless contracts.

No comments: