How Much Are We Paying for Our Subscription Services? A Lot
Published on January 31, 2020 at 08:12PM
Online subscriptions sure sound cheap, but what do a few bucks a month to watch TV shows, store photos online and stream music add up to? Quite a lot, it turns out. From a report: In 2019, we each spent $640 on digital subscriptions like streaming video and music services, cloud storage, dating apps and online productivity tools, according to an analysis for The New York Times by Mint, the online budgeting tool owned by Intuit, using data from millions of its users. That was up about 7 percent from $598 in 2017. We increased our spending the most last year on streaming TV services, paying $170 to subscribe to the likes of Netflix, Hulu and new entrants like Disney Plus and Apple TV Plus. While that was far cheaper than most traditional cable TV packages, which cost roughly $1,200 a year, it was up 30 percent from the $130 we spent on streaming TV services in 2017. Our spending on digital subscriptions is likely to only rise as more of our possessions become connected to the internet, like our television sets, home security systems and cars. At the same time, it will become harder and harder to keep track of all of the services we pay for.
Published on January 31, 2020 at 08:12PM
Online subscriptions sure sound cheap, but what do a few bucks a month to watch TV shows, store photos online and stream music add up to? Quite a lot, it turns out. From a report: In 2019, we each spent $640 on digital subscriptions like streaming video and music services, cloud storage, dating apps and online productivity tools, according to an analysis for The New York Times by Mint, the online budgeting tool owned by Intuit, using data from millions of its users. That was up about 7 percent from $598 in 2017. We increased our spending the most last year on streaming TV services, paying $170 to subscribe to the likes of Netflix, Hulu and new entrants like Disney Plus and Apple TV Plus. While that was far cheaper than most traditional cable TV packages, which cost roughly $1,200 a year, it was up 30 percent from the $130 we spent on streaming TV services in 2017. Our spending on digital subscriptions is likely to only rise as more of our possessions become connected to the internet, like our television sets, home security systems and cars. At the same time, it will become harder and harder to keep track of all of the services we pay for.
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