Cord cutting has recently seen very strong growth and over 30 million Americans have cut the cord. For years now there have been arguments over how much you can really save. A recent cg42 study published in Fortune says the average cord cutter saves $85 a month even when you count the cost of Internet.
That works out to be $2.55 billion saved every month. The interesting part is that number may be low. Other studies, like one from Lendedu, puts the average cord cutting savings at closer to $115 a month, which would put the number closer to $3.45 billion saved every month.
The other part that could push this number up is the fact that number of cord cutters at 30 million is old—from a study from the Leichtman Research Group, Inc. Some have suggested that there could be as many as 35 million cord cutters in the United States; others put the number closer to 33 million.
No matter what numbers you use cord cutting is saving Americans billions every month and that number will continue to rise as cord cutting grows. More importantly, this means that there is billions of dollars that can be spent on things other than watching TV.
How are you spending your cord cutting savings? Leave us a comment and let us know how much you save and how you spend that money.
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