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Our cell phones have become an essential facet of everyday life, while we love our technology and access to endless communication, we do not love the companies that provide us with internet and cell service. From bureaucracy to nation-wide scandals, cell providers have made a bad name for themselves, but did you know these companies are actively overcharging Americans for their service?
Stock insight provider, The Motley Fool reported that four cell service companies are overcharging Americans $60 billion every year. So, what are those companies, and is it time for you to make a switch?
The companies responsible for $60 billion overcharged from the American public are AT&T, Verizon, Comcast, and Charter Communication.
Why are they able to charge so much? Well, these four companies control 70% of the digital communication industry and they use that market power to overcharge people across the nation. The average household is overpaying $45 each month for their cell and internet service, that’s $540 each year.
You can save a ton on money with an alternative network provider, but it can be scary to make the leap from a big-name provider especially when our network usage has become such an integral part of our lives.
Here are our favorite alternative network providers (that don’t suck) if you’re looking to reduce your cell phone bill.
- $15 to $40 per line
- Unlimited talk and text on all plans
- Unlimited data plan available
- Free international phone calls across North America
- $40 per line with the unlimited Plan
- Best for those living in rural areas
- Impressive perks and deals
With more and more small companies taking back some control of the digital communication industry it’s becoming clear that you shouldn’t have to deal with the greedy big guys. Now may be the time to switch.