- Approximately 40% of Americans have reduced their streaming service subscriptions in the last three months due to financial concerns, according to a recent Deloitte report.
- The report also found that nearly 75% of Americans are frustrated by the continuous price increases from streaming platforms.
- Netflix recently raised its prices for the second consecutive year, with various plans seeing monthly cost increases, such as the standard ad-free plan now costing $19.99.
- Disney and Hulu also increased the cost of their streaming services last September, with Disney+ with ads and Hulu′s basic plan with ads both rising to $11.99.
- These cutbacks are occurring as inflation remains above the Federal Reserve's 2 percent target, contributing to higher costs for everyday essentials like food and gas.
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