On the eve of the iPhone Xc and Xs unveiling, Americans signal they would borrow to buy them

On the eve of the iPhone Xc and Xs unveiling, Americans signal they would borrow to buy them
The ratio of Millenials to Baby Boomers that would sink into debt for the new 2018 iPhones that are about to be announced tomorrow, is the whopping 5:1. This result comes straight from WalletHub’s annual Credit Score and iPhone survey that extrapolates the number of adults willing to borrow money for a new Apple handset from a representative sample.

It turns out that the amount of surveyed who would take money they don't have to get the expensive new iPhone Xs, Plus, or whatever Apple has named them, represents no less than 28 million Americans in total. About 30% of the surveyed had no idea that their credit score will be checked if they choose to finance their new iPhones, which is saying something about the debt culture sweeping the nation, and the lengths one would go to get shiny new things.

The expected prices of the 2018 crop are $749 for the 6.1" LCD iPhone, $899 for the iPhone Xs, and $1049 for the Xs Plus, Max, or whatever it's titled. Add up to $200 extra for the eventual 512GB models, and debt might be a tempting solution to get Apple's finest this year, especially if you are living paycheck to paycheck.

via NYP

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16 Comments

1. OneLove123

Posts: 972; Member since: Aug 28, 2018

Lol, that's why they're broke.

11. CandyBar

Posts: 43; Member since: Dec 08, 2017

But think of how "cool" they'll look with it......

19. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Think of how rich they'll look. Then they can come on online forums and tell everyone how rich and educated they are.

15. KonaStang4.6

Posts: 285; Member since: Nov 04, 2011

And that's why it's their credit. Who cares about that ? People make decisions to either remain in debt or get out of it. How is any of it your concern ?

2. ebfields

Posts: 29; Member since: Apr 13, 2013

iPhone addiction. Is there a rehab of any sort for the poor chaps? Lol. Just kidding eh so no offence meant.

3. Phudman

Posts: 4; Member since: Feb 07, 2018

Most carriers will let you pay in installments which is almost like paying off a loan.

9. thxultra

Posts: 450; Member since: Oct 16, 2014

Ya with no interest. Crazy to not take that offer as long as the payments aren't a burden obviously.

4. porky

Posts: 10; Member since: Jun 09, 2017

If you get a loan to buy a phone you need psych help, not a phone!

6. worldpeace

Posts: 3129; Member since: Apr 15, 2016

But they're the psych..

5. Sakeem

Posts: 857; Member since: Sep 05, 2012

I will NEVER borrow money nor lease a phone. It's a phone. Not a house or a car.

7. worldpeace

Posts: 3129; Member since: Apr 15, 2016

Most of them get their smartphone with installment plan (or carrier plan) anyway, that's just like monthly payment for house or car.

8. cmdacos

Posts: 4110; Member since: Nov 01, 2016

Hahahahahahaha

12. Valdomero

Posts: 666; Member since: Nov 13, 2012

Hmmm how about saving money? I've saved some bucks and waited to see what's the new lineup's offering, if they don't infatuate me I shall go for the 8+. Save money people! Loans are bad if you can't handle them.

13. Tipus

Posts: 851; Member since: Sep 30, 2016

I thought , and was reminded numerous times , iphones are bought only by those who "can afford it" and are "upper class" :)))

21. worldpeace

Posts: 3129; Member since: Apr 15, 2016

And they said about how high it's resale value, so they can sell their "last year" iPhone, and just add $200 to get the new one.

18. kucma

Posts: 86; Member since: Feb 01, 2017

Then again, Baby Boomers are more likely to have more money than Millenials in general I would imagine so is it even fair to compare apples and oranges?

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