Americans will cut down on food but not cancel Prime, Netflix subscriptions: Survey

Americans seem to be cutting back on a lot of expenses in the face of rising prices.

However, fewer want to give up their Amazon Prime, Netflix and Spotify streaming subscriptions.

A survey found that most people would rather cut down on dining out, groceries and clothing.

25% would cancel gym subscriptions, 29% food and 28% on personal care subscriptions if given an opportunity.

Roughly only about a quarter plan to cancel streaming subscriptions in the months ahead.

Americans spend an average $135 a month on subscriptions, which makes up 17.8% of their monthly budget.

Because streaming subscriptions have auto-renewals, it’s easier for consumers to lose track of the recurring cost.

However, if families cut down on recurring monthly expenditures from streaming services, they can save money.