Streaming Costs Surge as Households Spend $61 Monthly on Services
A new survey reveals a 27% increase in monthly streaming expenses, pushing consumers towards their financial limits.
- Streaming households now average $61 per month for four subscriptions, marking a 27% increase from the previous year.
- Nearly half of surveyed consumers would cancel their favorite streaming service if monthly prices rose by $5.
- The demand for more personalized experiences and content discovery through social media is growing among consumers.
- Ad-supported tiers and bundling options are becoming more popular as strategies to retain subscribers.
- Diverse content creation and representation are increasingly important to consumers, particularly among younger and minority groups.