Call me old school, not cutting the cord, will stick with cable and internet package. Pretty happy with it. Direct TV sucks, had it a few times on vacation rentals, and no thank you. A friend of mine has it on his RV and claims its not bad, for all the traveling he does, once he is able to acquire the signal at his campsite.
A family friend, has cut cable, but if you add up all the cost of netflick, roku, amazon prime, etc, are you really saving anything?
If a family is using a dozen streaming services at ~$10/month each, you're right. There's no savings. For me, it was worth dropping Direct TV. I spent $75/mo and all I really watched was baseball and football. And the Ravens are free with my digital antenna. When they upped my bill to $100, I tapped out.
It was an easy choice for me, because I don't watch network TV shows. I have Netflix, Hulu & Disney. In total my monthly cost is under $30.