In 2024, Americans spent 23% less on streaming subscriptions compared to 2023, driven by rising costs, streaming fatigue, and increased password-sharing restrictions. The findings have been reported in Review’s annual State of Consumer Media Spending Report. TechSpot reports: Of those surveyed, 27.8 percent said they are experiencing streaming fatigue – or the feeling of being overwhelmed by the growing number of streaming apps on the market. And with the cost of goods and services at an all-time high, it’s hitting folks in the wallet as well. The report additionally found that the average American has two streaming subscriptions, and watches three hours and 49 minutes of content each day. More than a quarter of subscribers – 26.5 percent – share subscriptions with others to save on cost although with recent crackdowns on password sharing, that might not be an option for much longer.
As such, Reviews recommends downsizing the number of subscriptions you pay for each month or spending more time using free services if you’re looking to cut down on costs in the New Year. For example, you could stagger subscriptions by signing up for a service temporarily to watch a specific show or movie and canceling when you are finished. It’s also wise to keep an eye out for free trials, discounts, and limited-time streaming deals like those occasionally offered from Internet and mobile providers.
