Study reveals people spend up to $100+ a month on subscriptions they forgot they had

Streaming or connectivity services are expenses that have become common in households. Internet and telephone access, as well as television, movies and music on demand, seem to be a necessity rather than a tool. However, some are not used continuously by consumers.

A C+R Research study, conducted between April 22 and May 2, found that US citizens spend up to $133 extra each month on subscriptions. The marketing agency specified that this amount is 2.5 times more than what they estimated to have spent on these services.

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“Sometimes the monthly payments for these services fly below the radar, especially when consumers subscribe to more than one”, indicated the agency. The study found that 72% of people have activated the automatic monthly payment in all their services, 14% have some with this form and the remaining 14% prefer to do it manually.

Likewise, C+R Research noted that 74% of people stated that “it’s easy to forget about these monthly subscription charges”, while 42% I had forgotten that they still paid monthly for a service without using it. He also added that 22% of users were impressed by the number of active subscriptions they had.

The agency indicated that services that most people forget to pay for are: postpaid cell phone (31%), internet (30%), streaming services (22%), Amazon Prime (16%), other subscriptions (13%), digital subscriptions (8%), music streaming service ( 7%), games (6%) and new subscriptions (5%).

Source: Elcomercio

James

I have worked as a journalist for over 10 years and have written for various news outlets. I currently work as an author at 24 News Recorder, mostly covering entertainment news. I have a keen interest in the industry and enjoy writing about the latest news and gossip. I am also a member of the National Association of Journalists.