According to doxo's report, Americans spend an average of nearly $100 monthly on mobile phone services, totaling about $1,152 each year. The overall annual spending on mobile services hits $166 billion, representing around 4% of the $4.55 trillion spent on total bills. Mobile ownership is nearly ubiquitous, making the selection of service plans increasingly important for household budgeting. doxoINSIGHTS compiles extensive bill payment data from millions of consumers, reflecting spending patterns across multiple service categories, including cable and internet, which also show similar spending trends.
With mobile phone ownership nearly universal and many households relying solely on smartphones for internet access, choosing a mobile service plan has become a crucial aspect of household budgets. Transparency to market data is key, as consumers have more mobile service choices than ever.
doxoINSIGHTS is comprehensive. It aggregates and anonymizes bill payment data from more than 10 million consumers covering 97% of U.S. ZIP codes in 45 biller service categories.
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