Cancel that subscription? How businesses get rich off you forgetting

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Cancel that subscription? How businesses get rich off you forgetting

Not a weekend goes by that Theresa Krakauskas isn’t unwinding with TV. Lucky for her, there’s plenty to choose from: “Mad Men”on AMC+. Horror movies on Netflix. Or another rewatch of the hit Broadway play “Hamilton” on Disney+. 

In all, she subscribes to nine streaming platforms. That’s in addition to a Barnes & Noble subscription to get discounts on e-books, a Freekibble subscription to donate food to shelter animals and a premium account for the virtual pet website Neopets.

Welcome to the subscription economy. How many subscriptions are you paying for? You may have more than you think.

It’s not just streaming services Hulu, Netflix and Apple TV+. Like the gym memberships and magazine subscriptions of yore, we binge digital subscriptions, whether for meal kits, clothing, toys or ride-hailing services. 

Netflix and Hulu apps are displayed on an Apple TV system.

Then those businesses charge our credit and debit cards month after month with the relentlessness of metronomes − whether we are still using these services or not.

According to some estimates, the subscription economy has more than quadrupled over the past decade. 

Subscription costs soar: You may be paying more than you think

Subscriptions offer convenience and access to premium features, but they can also be costly. 

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