As cost of living soars, this small splurge is what Americans are cutting back on

• Approximately 40% of Americans have reduced their streaming service subscriptions in the last three months due to financial concerns, according to a recent Deloitte report.
• The report also found that nearly 75% of Americans are frustrated by the continuous price increases from streaming platforms.
• Netflix recently raised its prices for the second consecutive year, with various plans seeing monthly cost increases, such as the standard ad-free plan now costing $19.99.
• Disney and Hulu also increased the cost of their streaming services last September, with Disney+ with ads and Hulu′s basic plan with ads both rising to $11.99.
• These cutbacks are occurring as inflation remains above the Federal Reserve's 2 percent target, contributing to higher costs for everyday essentials like food and gas.

IN FULL

Americans quit subscription streaming services in droves as cost of living continues to climb, report finds