Nearly 28 million folks think that getting one of the new iPhones — expected to debut next week — is worth going into debt, according to the 2018 Credit Score & iPhone Survey from WalletHub, a personal finance website. Highlights from the report include:
- Five times more millennials says the new iPhone is worth going into debut for than baby boomers.
- Twenty-nine percent of cell phone shoppers don’t know they could be in for a credit check
- Nearly 187 million Americans trust Apple and Google more with their personal data than they government.
- Nineteen percent of people would rather have unlimited phone data than an excellent credit score.
- Forty-four percent of millennials believe their cell phone has a bigger impact on their lives than their credit scores.
To help folks save on their cell phone bills, WalletHub has launched the Cell Phone Savings Calculator, which crunches numbers on whether it’s better to buy a phone upfront or pay in installments.
