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Is Your Phone the Reason You Feel Broke?
Article

Is Your Phone the Reason You Feel Broke?

The smartphone economy is booming — and it also feels awful.



Editorial Rating

7

Qualities

  • Eye Opening
  • Background
  • Concrete Examples

Recommendation

The smartphone brings together entertainment and new forms of communication and commerce. But it’s also an expensive necessity, particularly for services and features that compel you to buy. Journalist John Herrman explores why, with economic indicators on the rise and inflation on the decline, Americans feel economically insecure. He explains how the smartphone has become a utility with bells and whistles that demand your attention — and your spending — daily.

Take-Aways

  • A complex narrative underlies Americans’ mixed feelings about the economy.    
  • The smartphone does much to explain people’s sense of economic woe.
  • Smartphones are at once a godsend and a curse.
     

About the Author

John Herrman writes about technology for New York Magazine’s The Intelligencer.