Why Owning Nothing Is So Expensive [KDrtIqzO5C8]
Subscription services exist for nearly everything consumers buy. Many, like Netflix or Spotify, start out affordable, but the cost adds up over time. And while signing up is effortless, cancelling can be difficult. Companies such as Adobe and Amazon have even been accused by the Federal Trade Commission of using dark patterns to trap consumers in subscriptions. But rising costs are only part of the problem. The subscription model is eroding consumer’s opportunity to own what they buy. So how did we get to the point where practically everything is a subscription? And why is owning nothing making everything so expensive? 00:00 - Intro 01:58 - Why subscriptions are everywhere 06:26 - Companies love subscriptions 09:13 - Subscriptions are sneaky 10:29 - Cancelling is difficult 13:39 - Own nothing economy 16:52 - Consumers fight back 22:56 - The future of subscriptions 24:24 - Credits Note: One of the thumbnails tested for this video was partially created with generative AI. ------------------------------------------------------ #subscriptions #subscriptionmodel #soexpensive MORE SO EXPENSIVE VIDEOS: Why Going To Concerts Is Harder Than Ever How The World's Most Expensive Color Is Made 19 Of The World's Most Expensive Resources Business Insider tells you all you need to know about business, finance, tech, retail, and more. Visit our homepage for the top stories of the day: Business Insider on Facebook: Business Insider on Instagram: Business Insider on Twitter: Business Insider on Snapchat: Business Insider on TikTok: Why Subscriptions Make Everything More Expensive | So Expensive | Business Insider