Consumer spending on subscription services has been growing at over five times the rate of consumer sending in general; and while some of this is trading up (to more expensive, premium) services, it does indicate a pivot away from one-off spending, onto repeat purchases (with all the advantages of inertia marketing for firms - once subscribed people often fail to cancel, as gym owner have exploited for years).
How this might change UK's market society remains to be seen.
#economics
h/t FT
Emeritus Prof. Christopher May
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2026-10-10 10:22:39 UTC
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