Many people are familiar with the concept of sharing passwords to access their Netflix accounts. It can be a convenient way to get the most out of a subscription, and it seems harmless enough. However, it may be more expensive than you think.
According to a recent survey by the research firm Magid, about one-third of US Netflix subscribers share their account passwords with others outside of their households. What many don't realize is that this type of password sharing can incur additional costs.
The results of the survey indicated that people who divulge their passwords are more prone to buy more expensive subscription packages than those who keep them private. If you give out your password to someone else, you are probably paying more for your subscription than you would without doing so.
Furthermore, the survey found that those who share their passwords are more likely to use streaming services other than Netflix as well. This means that if you're sharing your Netflix password, you're likely spending more money overall on streaming services.
All in all, it's important to remember that Netflix password sharing may cost more than you think. Take the time to consider how much you're spending on streaming services and whether or not password sharing is really worth the additional cost.