The average American gets 192 channels with their cable package. However, the average person only watches 11 channels. This means that the average American is only watching 5.7 percent of their cable channels.
The average person spends $1,088 per year on cable. Eighty-two percent of people believe that they are spending too much money on cable television. This information is based on a survey that involved 1,009 people. It was taken by Cordcutting.com.
Fifty-seven percent of people in America have less than $1,000 in their savings account. They would be able to save a lot of money if they cut the cable. Interestingly, the study has shown that 60 percent of Americans have gotten rid of their cable.
There was another survey that was taken by the Waterstone Management Group. It involved 5,027 Americans. It found that 29 percent of people are thinking about getting rid of cable. Only 12 percent of people want to keep their cable package.
The average person spends $96.18 per month on cable. This is equivalent to $0.50 per channel. However, because the average person only watches 11 channels, they are spending $8.74 per channel.
Gesa Pannelborg is the product manager for the Cordcutting survey. He stated that 96 percent of people wanted an alternative to cable. This shows that they are frustrated with cable.
Cable companies realize that more people are looking for an alternative to cable. That is why they are increasing the price of internet and making it difficult for people to get internet by itself. Despite the fact that many people are frustrated with cable, 69 percent of people choose cable based on a bundle deal. Only 35 percent of people would save money if they brought internet by itself. Forty-three percent of people were able to get a better deal by negotiating with their provider.
Netflix is a popular alternative to cable. However, it recently announced that it would be raising its prices by $1 or $2 per month. The cost ranges from $8.99 to $15.99 per month.