Cable TV vs. Streaming ─ Which One Will Actually Save You Money in the Long Run?
Entertainment habits have undergone a dramatic shift in recent years, as more households move away from traditional cable services toward streaming platforms. As of now, 83% of households subscribe to at least one streaming service, while cable TV has lost over 26 million subscribers since 2016. Evaluating the financial implications of both options reveals important insights for those looking to save money. Cost Analysis First, let us talk about the cost analysis. Streaming Services Streaming platforms initially seem affordable, with popular options like Netflix , Hulu, and Disney+ priced between $7 and $20 per month. However, accessing a diverse range of content often requires multiple subscriptions, which can quickly increase monthly expenses. Additionally, reliable internet service, a necessity for streaming, averages around $70 per month. Combining these costs, basic streaming expenses typically amount to about $100 per month. For individuals seeking pre...