CLICKER SHOCK: Cable TV Bills Rising By Average 6 Percent A Year
MSNBC.COM - If you're one of those people who complain that there's nothing to watch on TV today even though you have a gazillion channels, you're not going to be happy with this news – turns out, you're paying more for cable.
The monthly rate for pay TV has been rising at an average of 6 percent annually and hit $86 a month last year for basic pay and premium-channel TV, according to a reported released Tuesday by market research firm The NPD Group. The uptick in licensing fees is driving much of the increase, at a time when consumer household income has hardly budged.
At this rate, NDP estimates consumers will be paying an average of $123 a month in 2015 and $200 a month by 2020.