A new report by doxo reveals that American households collectively spend $164 billion on cable and internet services each year, constituting about 4% of their total household expenses. The findings indicate that 73% of U.S. households incur these charges, with a median bill of $121 monthly. The report highlights the growing necessity for high-speed connectivity due to remote work and smart home technologies. It also warns of potential price increases driven by tariffs, though these may be offset by rising competition in wireless broadband services. Consumer feedback indicates dissatisfaction over misleading pricing appears widespread.
High-speed connectivity is more essential than ever for consumers - driven by remote work, streaming, and smart home innovations - and is a foundational household expense.
However, some of this is expected to be counterbalanced by increased competition from wireless broadband options.
84% of American internet customers said the price they paid for the internet or related service rose last year, and 59% felt misled by the pricing.
Drilling down further into the doxoINSIGHTS report reveals that nearly three-quarters of U.S. households are paying a cable and internet bill, with a median charge of $121.
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