Statistics show that an increasing number of Americans are cutting the cord and moving away from traditional cable. In 2010, the percentage of people paying for television services was at an all-time high, but that number has started to drop. In 2010, 88% of the population relied on cable, but now that number is down to just 79%. While this might not seem like a huge decrease, it represents a significant increase in cord-cutting.
More People Are Cutting the Cord Than Ever Before
Many people that still have cable only do because they’re locked into a bundle package or contract that doesn’t allow them to leave. This frequently happens when cable companies charge extra for stand-alone Internet. Most people will accept the package in an effort to save some money. Unfortunately, this means they’re stuck with a cable contract they don’t want or need.
Most people today use services such as Netflix or Hulu to access the movies and television shows they want to watch. This completely eliminates the need for cable. Your cable company knows this which is why they try to convince you to take the upgraded all-inclusive package over the high priced Internet-only option.
Although several people are stuck paying for cable even when they don’t want it, this will likely change soon. Twitter now has streaming football games and Netflix and Amazon continuously create new content that can’t be found anywhere on cable TV. As long as these options continue to grow, people will continue to cut the cord. Soon cable will be a thing of the past and those Internet only prices will begin to drop.
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