The true cost of an iPhone over your lifetime: $300,000

If you think your family’s smartphone addiction is bleeding you all dry, you don’t know the half of it.

Based on typical smartphone costs and usage patterns, your kids will end up spending a staggering $75,000 apiece on their phones over the course of their lives, according to valuation company Flipsy.

And even they’re only scratching the surface, because they missed out the biggest cost of all: The opportunity cost of all that money.

If you factor that in, the true lifetime cost of your kids’ love affair with their Apple AAPL, +1.54% iPhone is closer to $300,000.

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