What Are Switching Barriers?

Do you ever think about the reasons people keep their old phone plan or never change their bank despite having issues? Sometimes, they feel like they can't -- they've experienced a switching barrier. These can be used for both good and evil, depending on who you are in the situation. Read on to learn more.

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Barrier tape with red and white lines. — Image source: Getty Images.

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About the Author

Kristi Waterworth has been a contributing real estate and financial expert at The Motley Fool, covering real estate, investing, and personal finance topics, since 2020. Kristi has been interviewed by various TV media outlets and podcasts for her real estate investing expertise – from residential real estate to digital real estate and everything in between. Kristi’s journalist career spans over 25 years, and she has written about real estate investing, homeownership, and home construction specifically for the last decade. She was also previously a licensed Realtor and general building contractor before the Great Recession and housing market collapse. She holds a bachelor’s degree in American history from Columbia College in Missouri.

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