The $2,400 telephone’s true cost
For most of us reading this article, we can remember when there were no cell phones. You rented a phone from the phone company each month. The rental was about $5 a month. Of course, it cost to call locally and even more to call long-distance. Then there were phone booths that you could go in and shut the door and drop your money in the slot. When government regulations changed, you no longer had to rent your phone.
You could buy it. But many older Americans just decided to keep what they had and continue to rent. Let’s say they paid $5 a month for forty years or 480 months. That equals $2,400. People never realized how much the phone was actually costing.
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