Consumers More Devoted to Mobile Phones Than Automobiles

A sea change has taken place over the last few years as mobile devices become an integral tool not just for communication with loved ones or employers, but also everything from banking to dating to watching TV and listening to music. In a story on Bloomberg.com, Shelly Hagan writes that as cars grow relatively less important, borrowers struggling to pay back their loans on time are increasingly prioritizing payments on the latest iPhone instead of making sure they hold on to their pickup or coupe. Read the story at Bloomberg.com