According to a recent survey, fewer people in the US want to cancel streaming subscriptions, especially when it comes to TV, movies, and music services like Amazon Prime, Netflix, and Spotify.
Nearly two-thirds of those surveyed said they should cut back on their expenses because of inflation, but according to the research group’s data, only about a quarter plan to start saving on their subscriptions in the coming months. Most people said they’d rather cut back on food and clothing.
The most surprising data shows that most people prefer TV services to food and gasoline.
However, it is a significant expense
Just over half of respondents (51 percent) say that subscriptions make up a large part of their monthly expenses. American consumers estimate they spend an average of $135 per month on these services, which is 17.8 percent of their monthly budget, the National Research Group found. CNBC to me
However, many people underestimate the hundreds of dollars they spend on subscriptions each month, as these expenses are often automatically charged to debit and credit cards.
Users easily forget about recurring costs
said financial analyst Katherine Hauer.
(Cover photo: Daniel Reinhardt / picture alliance / Getty Images)
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