Technology Extracts a Big Price From Americans, Survey Shows

By Ken Tysiac

Americans’ infatuation with technology such as cellphones, cable TV, and satellite radio isn’t helping them fatten their bank accounts, according to a survey conducted for the AICPA by Harris Interactive for National Financial Literacy Month.

Fifty-six percent of U.S. adults said they believe that technology has made it easier to spend money, and just 3% said it has made it easier to save. Thirty-seven percent said technology has made it easier to both spend and save, according to the national telephone poll, which consisted of 1,005 responses.

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