Brits would rather spend their money on internet access than on food and
utility bills during the credit crunch, according to research by O2.
In a survey of 500 families the internet service provider (ISP) found just
under three quarters of people were reluctant to reduce their spending on
internet access.
This was compared to a fifth who said they wouldn’t reduce their budget on
their weekly food spend and two thirds who said they wouldn’t stop spending on
items such as children’s school uniforms.
O2’s
Digital Families report also found that instead of putting gadgets
on the back burner during the recession, people were buying more.
Just under half of households said technology purchases accounted for 10 per
cent of their annual budget, adding up to around £3,000 per household per year.
According to the report, families will still look to buy technology in a
tough economic climate but will be more price-conscious.
Just under two thirds of families said they would still buy the latest
gadgets if they were affordable.
O2 said on average each household had 2.4 TVs, 1.6 computers, 2.4 games
consoles, 3 mobile phones and 2.2 MP3 players.
Alistair Johnston, a representative for O2, said: "This report reveals just
how pervasive technology now is within UK homes. We strongly believe that
technology has a hugely positive role to play in helping families better manage
their hectic lives, but also ultimately in being able to spend more time
together."
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