I need your honest opinion on pricing (Patreon)

Hey guys, I have been dragging this thought for the past 5-6 months because I promised myself when I started this Patreon that I will not increase the prices but it has proven to be an incredibly difficult promise to keep due to some financial struggles. I wanted to get your honest thoughts on this subject, I may have thought about increasing the price of the main tier from 5 to 6/6.5 dollars with the context of anyone who's already a member maintaining their original price (if you're an existing member, you won't get a price increase, only if you cancel and then resubscribe), the new price would only affect new subscribers.

Increasing prices is honestly something that scares me, it scared me back when I was an editor and the anxiety I experienced in anticipation of getting rejected by a long time client due to said increase really messed with me. But much like then, I felt like it was necessary, and it might be a necessity now.

But I wanted to get your opinion first, as subscribers and supporters and whether the value/content that is provided can be validated by a slight price increase.

Thank you :)

EDIT - Wow, thank you for the amazing support, you guys definitely made it easier for me to pull the trigger on this and maybe even increase the price to 7 as opposed to the initial 6 (this is not a 67 meme I swear). I know this may have been a weird post to make but I legitimately wanted to see how you would feel and if the increase would be justifiable because I tend to sell myself short in most aspects lol so I couldn't make the decision on my own, you guys helped a ton! 🫶

For clarification- The price increase will NOT affect those are already subscribed, it will affect new members only, and the only way it affects existing members is if they cancel and resubscribe in the future :)