Podcast: Why subscription services are taking over the world
How the increasingly popular subscription business model affects our behaviour.
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Open your banking app and scroll through your transactions from the past few months. How many subscription services are you paying for? If you're like the average Australian, it's probably quite a lot.
From entertainment and streaming services like Netflix and Spotify, meal delivery services like Marley Spoon or HelloFresh to our energy bills and mobile plans, there are more than a few regular charges hitting every one of our transaction accounts each month.
On this episode of Pocket Money, we welcome Dr Paul Harrison to shed light on the ever-growing number of subscription services and how our brain and behaviour can be influenced. We discuss why businesses are shifting their models, how you should decide what's valuable to you and what you can do to unsubscribe from your own subscription overload.
Mentioned in this episode
- Paul's blog: tribalinsight
- Australians are paying more than $35 a month for SVOD services – AMPD
- Australians losing $6.5 billion per year in avoidable costs – Rest Super
- Why the growing subscription economy spells big bucks for business – ABC
- Study: Neural predictors of purchases
- Study: How Credit Card Payments Increase Unhealthy Food Purchases
- The Plastic Trap: Self-Threat Drives Credit Usage and Status Consumption
- The psychology of making purchases with cash and credit
Read the transcript of this episode
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Pocket Money is hosted by Sally McMullen and Marc Terrano. The show is produced by Franko Ali and Ankita Shetty. Editing and theme music from Brianna Ansaldo of Bamby Media.
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