The pain of higher prices today isn’t limited to things like food and health care costs. Americans now pay 19% more for TV, music, news and other digital apps than they did in 2020.
So concludes a recent analysis from DepositAccounts, an online platform owned by LendingTree that allows users to compare bank accounts. Researchers looked at 15 widely used subscription services, ranging from streaming platforms like Hulu and Spotify to online video tool Zoom Pro, to assess how their prices have changed over the last six years.
“We’ve kind of gotten used to seeing notes from these subscription services saying we’re raising our costs by $1, $2, $3, which doesn’t seem like very much,” Matt Schulz, a chief consumer finance analyst at LendingTree, told CBS News. “But when you factor in that some people subscribe to 10 or 15 different things, a couple of dollars a month extra on all of
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