CapitalCounselor
  • Home
  • Reviews
  • Blog
  • News
  • About Us
  • Our Team
  • Contact Us
CapitalCounselor
  • Home
  • Reviews
  • Blog
  • News
  • About Us
  • Our Team
  • Contact Us
Finance News - 74% Of People Overlook Their Monthly Subscription Fees

74% Of People Overlook Their Monthly Subscription Fees

  • Marina Avramovic
  • June 22, 2022

To conduct a survey on subscription service costs, researchers asked people to think about how many subscriptions they use and anticipate how much money they spend on them every month in general.

Consumers also had to estimate how much money they spend on different subscription services individually, such as streaming, apparel, and food.

The results of the survey were more than interesting. Namely, while people estimated they spend an average of $86 each month on different subscription services, they, in fact, spend 2.5 times more, i.e., an average of $219.

On top of that, the results also suggest that, besides not knowing how much money they spend on monthly subscriptions, people are also unaware of how many services they use.

For example, 74% of people overlook their monthly subscription service expenses, while 42% of respondents have stopped using a subscription service but didn’t realize they were still paying for it.  

Mobile phones were the most forgotten types of subscriptions (31%), followed by the internet (30%) and TV/Movie streaming (22%).

When streaming services first debuted twenty years ago, many people decided to “cut the cord” and find an alternative to cable TV in the form of streaming services to save money. 

However, due to the large number of streaming services on the market, 47% of respondents think they might become more expensive than paying for cable.

On that note, 33% of consumers (mostly Gen X and Gen Z) plan to reduce the number of their subscription plans in the following six months.

0
0
0
Share
Tweet
Share
Share
Marina Avramovic

Marina is a content writer and a film-maker who spends most of her time in front of the computer, writing articles and blog posts on various subjects, learning fictional languages or editing avant-garde movies. This compulsive penchant for learning new ways of dreaming and writing became her dream job. When she's not obsessing about work she tries to cook, read dystopian novels and go on adventures with her dog.

Previous Article
Finance News - 46.5 Million Americans to Invest in Crypto for the First Time

46.5 Million Americans to Invest in Crypto for the First Time

  • Marina Avramovic
  • June 22, 2022
Read More
Next Article
Best Credit Monitoring Service

The Best Credit Monitoring Service to Stay Safe in 2022

  • Bojana Petkovic
  • June 22, 2022
Read More
You May Also Like
Finance News - Americans Intend to Spend $7.7 Billion For the 4th of July
Read More

Americans Intend to Spend $7.7 Billion For the 4th of July

  • June 28, 2022
Finance News - 58% of Americans Concerned About Their Emergency Funds
Read More

58% of Americans Concerned About Their Emergency Funds

  • June 28, 2022
Finance News - 46.5 Million Americans to Invest in Crypto for the First Time
Read More

46.5 Million Americans to Invest in Crypto for the First Time

  • June 22, 2022
Finance News - Most Americans Use Their Savings to Cope With Inflation
Read More

Most Americans Use Their Savings to Cope With Inflation

  • June 15, 2022
Finance News - Gas Prices in the US Reach $5 for the First Time Ever
Read More

Gas Prices in the US Reach $5 for the First Time Ever

  • June 15, 2022
Finance News - 58% of Drivers Believe They Pay Too Much for Car Insurance
Read More

58% of Drivers Believe They Pay Too Much for Car Insurance

  • June 8, 2022

Leave a Reply Cancel reply

You must be logged in to post a comment.

Recent Posts
  • Best Stocks for Inflation 1
    How to Invest Your Money Wisely: Best Stocks for Inflation
    • June 29, 2022
  • HECM vs HELOC 2
    HECM vs HELOC: What Makes These Loans So Different
    • June 28, 2022
  • Can You Get Cash Back With Apple Pay 3
    Can You Get Cash Back With Apple Pay (Practical Guide)
    • June 27, 2022
  • What to Invest in During Inflation 4
    What to Invest in During Inflation: 5 Safe Investments
    • June 16, 2022
  • How to Calculate Overtime 5
    How to Calculate Overtime & Charge Your Hours Properly
    • June 16, 2022
Follow Us
Facebook
Twitter
LinkedIn
CapitalCounselor
  • About
  • Our Team
  • Contact
  • Affiliate Disclosure
  • Privacy
  • Terms
©2022 CapitalCounselor.com – All Rights Reserved.

Input your search keywords and press Enter.