On average, Americans are paying for three streaming services at a time!

Answer:

About $55 per month

Questions:

• How do increasing streaming costs affect someone’s monthly budget?
• What role might bundles play in a person’s choice of streaming subscriptions?
• What factors make certain streaming services worth paying more for?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Reviews.org): 

"It’s no secret that people can’t get enough of their streaming services. According to our data, one in three Americans believe subscription-based streaming services are a household need. On average, Americans are paying for three streaming services at a time.

But increased competition between entertainment companies and the dwindling number of cable TV subscriptions has made prices for streaming subscriptions jump up considerably in the past few years. In October, Netflix announced a $2 to $3 price hike on some of its plans, while the ad-free version of Discovery Plus went up by $2 a month. Hulu raised its standard ad-free plan from $14.99 per month to $17.99 per month.

Ouch! Considering that streamers now spend an average of $55.04 per month on their subscriptions, it’s important to be a bit more strategic about what you’re subscribing to these days to manage these pricing acrobatics."

About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.