It's called being spoiled. Kids now a days have a sense of entitlement. Take away their phone and they go ape sh!t. they are too involved in technology, they do not know the risks, they do not know how people survived before technology was mainstream and do not want to know.
I cut the cord one year ago. I did it for several reasons, but the biggest one was expense. My wife and I are both hard working middle class citizens, we make good, not great money, but good enough to live and have money left to spend on a nice trip or so. We could afford cable if we wanted to, but there has been some unexpected things in life that has caused our expenses to go up, some in part by decisions by politicians and governments, I do not want to make this political so I am not going to explain about it but it has really been the biggest change which has caused us to spend more of our income on things like babysitting and Daycare, social services for children with learning needs, Taxes, Utilities, Food, and even changes to our Health Care. So to sum it up, TV was one of the easiest things to cut for us. Not just TV alone but We also cut the cord to our landline, and made changes cellphone and internet packages by trimming a bit and only keeping the packages with the options we actually use, so yeah no long distance.
Its a bit of a trickle effect cus it has forced us to rely more on apps to make calls to our family in the USA and overseas Europe/Africa, so instead of calling them like we did before, we now use third party apps for video and audio calls to our family which has saved us some $$$ on long distance, we still get our daily news and cast it to our tv via apps like cbc and city tv. I watch the free (and legal) tv shows via apps, some have ads which i do not mind hey its free after all, we do have a netflix but netflix is garbage so we are probably cancelling it cus netflix is not what it used to be. We are testing amazon prime video and music for a while to see if it satisfies our needs, I have a TV at work so I watch the news and headlines there, we still have TV at our in laws house so we can watch sporting events at their house, and some sporting events like the NBA finals were televised on antenna so we were able to tune it in for free legally, plus I did go to one of the Jurassic park viewing parties to watch one of the games there.
So to sumarise you can live as a cord cutter but you have to make small changes to other aspects of your life and if your on board you can easily adjust to this new life comfortably