There is no denying that smart phones are changing the way we work, play and manage our money. Pew Research found that half of American adults own a smart phone and that the rate of ownership is expanding quickly in every age cohort except those 65 and older…A new category of consumer has emerged known as the “smartphonatic,” defined as someone who changes shopping, banking and payment behavior after switching to a smart phone.
While smart phones are making personal money management more convenient, in many contexts they are also the source of gross distraction, and rude and even dangerous behavior. For example, even with all we know about texting and driving, 1 in 4 smart-phone owners say they check their phones while behind the wheel.
Short of the plainly dangerous, there is simply the rude and obsessive. According to the Lookout study:
— Nearly 60% of smart-phone owners don’t go an hour without checking their phones.
— Some 54% check their phones while in bed — before they go to sleep, after they wake up or in the middle of the night. And 1 in 5 checks immediately after sex.
— Nearly 40% check their phones while on the toilet.
— Some 30% check their phones during a meal with others, and 9% check their phones during religious services.
Read the full article “How Smart Phones Change How We Bank, Drive, And Go To The Bathroom” atMoneyland.