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Cost of Cable Continues to Rise

Cost of Cable Continues to Rise: Are We Wasting Our Money?

There was a time when cable was one bill I didn't pay because I simply chose to go without it. I was living in an apartment that didn't have a comfy living room, and I wasn't home very much, so it seemed silly to pay for something that would go unused. My living arrangements have since changed, and my couch is so comfortable that it really does call my name at the end of a long day. And cable? Well, let's just say I'm hardly stranger to LC and Audrina, Serena and Blair, Tom and Padma, Heidi and Tim, or Vinnie and E.

Cable is hardly cheap, especially if you're paying for Internet on top of your cable bill, and there's no sign of these bills going down anytime soon. In fact, it seems the opposite is happening. The Bureau of Labor Statistics reported that cable prices have gone up 77 percent since 1996, and The New York Times points out that cable customers pay an average $60 bill and watch only a fraction of the channels they pay for.

The Times article wonders why more people aren't just watching their favorite shows for free online, and while it certainly seems like a feasible alternative, I enjoy the ability to watch my favorite shows with a group of friends. Are we wasting our money on cable when we have Internet at our fingertips, or is it a justified expense?

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