Massive Waste of Money Clock
by, 05-05-2011 at 05:04 PM (1169 Views)
Millions of people are wasting money on pay-TV subscriptions. Letís see just how much money is being wasted. The following calculation is based on the following assumptions. There are about 100,000,000 pay-TV subscribers in the United States. 89% of the U.S. population is within the broadcast area of 5 or more free broadcast TV stations; therefore, 89% of the 100,000,000 pay-TV subscribers, or 89,000,000 subscribers, are wasting money on pay-TV. The other assumption is the average amount the subscriber is wasting is $60 per month. That means that 5 billion, 340 million dollars are being wasted on pay-TV subscriptions each month, which means that American consumers are wasting 64 billion, 80 million dollars per year, or $175,561,643 per day, on pay-TV. Since pay-TV became an obsolete technology on June 12th 2009, with the transition of full powered TV stations to digital broadcasting, Americans have wasted $121, 488, 656, 956 as of 5/5/2011.