Why Do We Pay for So Many Subscriptions?
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YEET Magazine
Why Do We Pay for So Many Subscriptions?
We pay for so many subscriptions because the subscription model is designed to be invisible. The payment is automatic, the price is small, and the cancellation requires effort.
The subscription economy has expanded from streaming to software, food, clothing, and even cars. Each service individually seems affordable. Together, they add up to a significant monthly expense.
The psychology of subscriptions exploits a quirk of human attention: we notice new charges more than recurring ones. Once a subscription is set up, it becomes part of the background.
For related discussions, see why everything costs so much now and why credit card rates keep climbing. Our piece on why we need an app just to give someone our money explores the technology behind the trend.
What do you think? How many subscriptions do you have, and which ones do you forget about? Share your answer.
Source: YEET Magazine