Cutting Costs: New Jersey Households Are Ditching Popular Subscriptions

I was just looking over my credit card bill the other day and saw my Disney+ charge, and said to myself, "Do I really need that anymore?!"

It's not something my kids really watch anymore, and I'm starting to think it's time to cancel it and save a few bucks.

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That's exactly what more and more people are doing these days, not necessarily canceling Disney+, but apparently, the subscription craze is coming to an end.

Why Are So Many Cutting Back On Streaming Services?

According to new research, people are cutting back on services as prices continue to climb, and we're starting to reevaluate what we're spending our money on each month.

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Spending on subscriptions, whether for streaming services, food prep and delivery, or a wide range of other offerings, is on the decline.

One of the key takeaways from the study is that more and more people are simply canceling these services.

Rising Costs Have People Questioning Their Subscriptions

In fact, the average monthly spending on subscriptions dropped from $40.39 last year to $37, which is a decrease of 8.4%, according to the report.

Families Reassess Streaming Subscriptions Amid Rising Costs

As rules continue to change when it comes to password sharing, and the price continues to climb, even if it's just a few bucks, every dollar counts...nearly half of subscribers say any more price increases would be totally “unacceptable.”