- August 5, 2022
- Posted by: Stratford Team
- Category: Economy
PROVIDENCE, R.I. — A new study from Brown University concluded that roughly 15% of the entire U.S. economy is based on subscriptions you either forgot to cancel or had no idea you were paying for in the first place.
“Our study found that the majority of people in America don’t bother looking at any expense under $20 on their credit card statement,” said Monica Daugherty, the economist who headed up the study. “We surveyed thousands of people and conducted behavioral experiments to see how the average American interacts with a subscription service. We even ran tests using the least desirable services we could find, but that didn’t stop anyone. Honestly, it was a little unsettling. Nevertheless, participants were willing to enter their credit card information for one free month of whatever iHeartRadio Unlimited is.”
Dennis Frost, a local teacher who read the study, confirmed it had happened to him.
“I checked my account after learning…