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January 27, 2018 | Smartphone Addiction Costing us Plenty

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

A  2010 study found that young people between the ages of 8 and 18 were spending 7.5 hours a day consuming media on line and it has gotten worse since.  A 2015 Pew Research study found 24% of teens are almost constantly online.  A Nielsen report found most adults spend a minimum of 10 hours a day consuming electronic media.

The National Safety Council reports that cellphone use makes drivers more accident prone than drunk driving, and yet legal and social tolerance for texting drivers remains prevalent.  Thinking individuals must lead the change here.  See this excellent article: Keep your head up:  How smart phone addiction kills manners and moods:

“…like many addictions, admitting a problem is the first step to treatment. And, mercifully, the fix isn’t anti-tech — it’s pro-conversation, according to Dr. Turkle.

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January 27th, 2018

Posted In: Juggling Dynamite

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