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Why are so many businesses asking for us to pay a monthly subscription for their services?
Local TV
Follow
20/11/2024
From television services like Sky and Netflix to meal deliveries like Hello Fresh, consumers can now subscribe to almost anything. However with the cost of living crisis many are now cancelling services or looking for cheaper options.
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News
Transcript
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00:00
In recent years, subscriptions have become ubiquitous in the UK.
00:06
From television services like Sky and Netflix to meal deliveries such as HelloFresh, consumers
00:11
can now subscribe to almost anything.
00:14
This trend is driven by convenience, personalisation and the allure of spreading costs over time.
00:21
However, as the cost of living crisis intensifies, many are questioning whether the subscription
00:27
model has gone too far.
00:29
Increasingly, people are reassessing priorities, cancelling non-essential subscriptions.
00:34
While businesses benefit from steady income streams, customers are left balancing convenience
00:40
against affordability.
00:42
As economic pressures mount, companies may need to adapt by offering more flexible, affordable
00:48
options.
00:49
Until then, the subscription craze risks alienating those who simply can't keep up with rising
00:56
costs.
00:58
How do you feel about the growing subscription culture, and is it becoming too much to manage
01:03
and afford?
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