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You sign up for a streaming service and then totally forget about it. Sound familiar?
CHARLOTTE, N.C. — New data shows you’re likely spending a lot more on subscriptions than you realize.
Americans are spending billions of dollars on stuff they have probably forgotten about. Subscription services’ dirty little secret is they owe a lot of their success to customers’ lack of attention.
Most Americans think they spend about $62 per month on subscriptions. But, get this, the real number is closer to $300 per month.
Between streaming music, newspaper and other services, it can all add up.
Lots of folks plan to pick up subscriptions for one-off things like sports games and seasons of a show they like.
But, when they forget to cancel, it generates big money for services like Peacock or Hulu.
Contact Ben Thompson at bthompson@wcnc.com and follow him on Facebook, X and Instagram.
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