Consumers Cutting Cable In Order to Save Money

Yahoo Finance is reporting today that more Americans are cutting cable in order to save money.

In fact, it’s reported that 3.2 million cable subscribers have cancelled their cable tv plans in the first quarter of 2022. With inflation at a 40 year high, it’s not surprising that family budgets are being severely squeezed, and making ends meet is becoming more and more difficult as prices for staples like food, utilities, and rent continue to skyrocket.

When expenses go up like this, something has to give. Families start by reducing “non-essential” expenses: cable, unnecessary trips in the car, etc. We’re also seeing families reduce their essential expenses: buy less or cheaper food, eat in instead of out, etc.

Even worse, families are starting to use their credit cards to pay for essentials, resulting in pre-pandemic debt levels.

If you find yourself forced to make these kinds of changes, give us a call at 661-243-1737, or Contact us to schedule your free phone consultation, where we can talk about how bankruptcy works, and if it is an option for you.

You have options-let’s explore them together.