My story is in the opposite direction.
We and everyone else in the neighborhood had symmetrical 1 Gbps installed about 15 years ago. We all paid the ISP for the top tier of full capacity.
During Covid decided to take inventory of our actual bandwidth needs.
Anything that can be deferred doesn’t count. Gone from instant bandwidth requirements are all cloud backups, OTA OS upgrades and apps updates. They need to complete overnight. Overlapping is not a requirement.
Videos are automatically played at 480p or less on iPhones, 720p or less on iPads and 1080p or less on HDTV. We purposely didn’t buy 4K TV because at our viewing distance has no benefits whatsoever. Aggregate peak bandwidth required here is 25 Mbps at a stretch. That is also enough for my wife to work from home.
We don’t deal with large datasets or raw videos over the internet.
So we found ourselves with one cable connected TV and the usual assortment of mobile devices connected to one WiFi 4 1x1 hotspot. At 70 Mbps we never noticed any loss of quality in our digital lifestyle.
After about ten years we replaced the hotspot with one capable of WiFi 5. An overkill but needed the extra port.
Eventually convinced the ISP to lower our subscription to the lowest available tier of 200 Mbps. We don’t notice any difference. We could afford the extra bandwidth. But don’t see the benefits of it.