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In the US maybe. In Europe, at least here in France, there is plenty of 4G plan costing 25€-30 for 250Gb, 300Gb or even no limit

Nope. Less than $20/month gets me unlimited 80/30 4G/LTE using a single 15 MHz band. If I got a 5G/NR modem, I could get unlimited 200/30 for the same price.

Part of the parents point is that is isn’t true in general. The overall efficiency isn’t much better , so service level basically comes down to how you chop up available bandwidth.

So if you happen to live somewhere with oversubscribed LTE and get in on a new 5G - it’s seems great. But a) it’s very locatiin dependeny and b) it probably won’t last