Latest / Behavioral Economics with Fexingo: Decision Making, Bias, and How People Really Spend
Why You Keep Paying for Things You Never Use
We explore the psychology behind subscription services you forget to cancel. Lucas and Luna examine how companies use a combination of inertia, the default effect, and a phenomenon called the 'subscription trap' to keep millions of dollars flowing in from unused accounts. The episode centers on a 2025 survey from the consumer finance site WalletHub, which found that the average American spends $219 per month on subscription services they barely touch—adding up to over $2,600 a year. We break down why your brain treats a recurring charge differently from a one-time purchase, how…
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