Summary
In 2024, Americans spent 23% less on streaming services, averaging $42.38 per month, down from $55.04 in 2023.
Factors include “streaming fatigue,” with 27.8% overwhelmed by the number of apps, and increased spending on cable/satellite TV, which rose 11% to $89.29 monthly.
Many switched to cheaper ad-supported streaming options, which hit a record 43% of subscriptions.
The average American now has two streaming services, watches four hours daily, and 26.5% share accounts with others, reflecting shifting viewing and spending habits.
I cancelled my Netflix subscription just recently after being a member since 2001. I also cancelled YouTube TV and YouTube Premium last month. I will be cancelling Prime this month after I figure out what the implications are with my Prime credit card. That leaves Spotify which is heavily used by me and my family.
You just lose 2% on purchases from Amazon. You’d have to buy a lot from Amazon to not save money by cancelling prime. Like $7000
Different in different countries
I use my Chase Prime card for 5% back at Whole Foods markets plus whatever Prime discounts the card gets me.