Why everyone feels broke now: 8 silent costs most people didn't have 10 years ago - Silicon Canals
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Why everyone feels broke now: 8 silent costs most people didn't have 10 years ago - Silicon Canals
"Between streaming services, cloud storage, productivity apps, meditation apps, fitness apps, and software that used to come in a box but now charges monthly, the average person juggles at least seven subscriptions. I did my weekly life admin session last Sunday and counted mine: Twelve. Twelve! Some I'd forgotten I even had. Each one seems reasonable at $9.99 or $14.99, but together they're eating up what used to be a car payment."
"1) The subscription economy tax Remember when Netflix was your only subscription? Those days feel almost quaint now. The worst part? Canceling any single one feels like you're cutting yourself off from modern life. Need Microsoft Office for work? That's a subscription now. Want to edit photos? Subscribe. Even my meditation app, which I started using to reduce financial stress, is adding to it."
Household budgets now include new categories of recurring and essential costs that significantly reduce disposable income. Subscriptions for streaming, cloud storage, productivity, fitness, meditation, and software often total seven or more per person and can cost as much as a car payment. Gig-economy convenience services add delivery fees and service charges that function as stealth taxes on everyday purchases. Housing costs, healthcare expenses, and education-related outlays have risen and created larger fixed financial burdens. Many necessary digital services have converted to monthly pricing, making cancellation feel like losing access to modern life. These accumulated 'phantom' costs make saving and achieving past standards of living more difficult.
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