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Americans only watch 11 channels of an average 192 included in their TV package – just 5.7 percent of what's available in the average cable deal, according to a new report.
The unused channels are costing them an average $1,088 per year – and nearly 82 percent of Americans believe they waste money on their television bill, according to the survey of 1,009 Americans by Cordcutting.com.
Price - Tag - Percent - Americans - Savings
The price tag is not insignificant, considering 57 percent of Americans have less than $1,000 in their savings accounts, according to a separate GOBankingRates survey.
The numbers come on the heels of another survey finding that nearly 60 percent of Americans have canceled their cable television subscription.
Survey - Americans - Waterstone - Management - Group
That survey of 5,027 Americans by Waterstone Management Group, found that a remaining 29 percent of Americans are considering canceling traditional TV, and just 12 percent are committed to sticking with their cable package.
Experts at Cordcutting used the survey data to determine the average monthly cable bill for Americans is $96.18 – amounting to about $0.50 per channel. But given that the average American only views 11 channels, that's costing them $8.74 per channel, or $104.88 per channel, per year.
Gesa - Pannenborg - Product - Manager - Cordcutting
Gesa Pannenborg, product manager for the Cordcutting survey, told DailyMail.com that 96 percent of respondents wanted an alternative to cable TV, signaling frustration among Americans about the high cost of internet-TV bundles.
'It seems to me that the cable companies are realizing that more and more Americans are cutting the cord and they want to up the prices and make it more difficult to only have internet,' she said.
'It shows that more doesn't necessarily mean better,' she added.
Men watch slightly more channels than women (12 compared to 10). Baby Boomers also tend to watch...
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