Why are so many businesses asking for us to pay a monthly subscription for their services?

Local TV

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.

Transcript

00:00In recent years, subscriptions have become ubiquitous in the UK.

00:06From television services like Sky and Netflix to meal deliveries such as HelloFresh, consumers

00:11can now subscribe to almost anything.

00:14This trend is driven by convenience, personalisation and the allure of spreading costs over time.

00:21However, as the cost of living crisis intensifies, many are questioning whether the subscription

00:27model has gone too far.

00:29Increasingly, people are reassessing priorities, cancelling non-essential subscriptions.

00:34While businesses benefit from steady income streams, customers are left balancing convenience

00:40against affordability.

00:42As economic pressures mount, companies may need to adapt by offering more flexible, affordable

00:48options.

00:49Until then, the subscription craze risks alienating those who simply can't keep up with rising

00:56costs.

00:58How do you feel about the growing subscription culture, and is it becoming too much to manage

01:03and afford?

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