The Subscription Divide: Millennials Love Them. Baby Boomers Are Dubious

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Fromdiscounted Subway sandwichestoexpedited delivery丝芙兰的美容产品,越来越多的indu世界杯球赛直播时间表2022stries are experimenting with offering customer perks via monthly subscriptions, a practice once reserved primarily for the likes of traditional media companies and gyms.

While someopine关于订阅的疲劳试验t of this trend, a new Morning Consult survey shows that this is not necessarily the case for certain segments of consumers — namely younger customers and men.

In the survey, respondents were asked to indicate their interest in paying for subscriptions in nine different product or service categories. Gen Z adults and millennials expressed the highest levels of enthusiasm among all demographic groups across nearly every tested option, and men were frequently just behind. Nearly half of Gen Zers (46%) and millennials (49%), for instance, were interested in subscriptions on average, compared with about a third (34%) of the general public. Baby boomers and women, meanwhile, reported the lowest levels of interest — often significantly less than that of the public.

Larger portions of baby boomers (48%) and women (42%) also said they felt “overwhelmed” by the amount of subscriptions currently available than did Gen Z adults (33%), millennials (37%) and men (39%).

Restaurants, health care and retail lead the way in subscription interest

• Restaurants garnered the highest levels of subscription interest across every demographic group. Half or more of Gen Z adults and millennials also expressed interest in health care and retail subscriptions.
• The difference between interest in subscriptions among men and women was smallest in retail and largest in financial services.
• Nearly half of Gen Z adults (48%) said they would be interested in paying for subscriptions to internet personalities or content creators, while 44% of millennials said the same. Previous Morning Consult research found that most Gen Zers spendover four hours dailyon social media.
• In a separate survey question, Gen Z adults (81%) and millennials (77%) reported being more likely to feel loyal to brands with which they have subscriptions than did Gen Xers (67%), baby boomers (54%) and all U.S. adults (68%).

Younger consumers are more satisfied with the state of the subscription economy

• More than half of Gen Z adults (57%), millennials (53%), and Gen Xers (53%) said they are content with the amount of subscription offerings currently available. Significantly fewer baby boomers (42%) shared this view.
• Men (51%) were more likely than women (47%) to be satisfied with current subscription options.
• Approximately 1 in 10 respondents from each demographic group said they feelunderwhelmedby today’s subscription market.

Subscription-palooza

There is consensus around one part of the subscription ecosystem: additional features or rewards to reward consumer loyalty. Significant majorities of all adults, generations (excluding baby boomers) and genders said they expect sweetened perks after participating in a particular subscription offering for a year or more.

Many companies are following this insight toremain competitivein the increasingly crowded space. Others, like Twitter Inc. and Meta Platforms Inc., are charting an opposite course — putting previously free features like account verification and security behind amonthly paywall.

Twitter's Blue offering has reportedly netted $11 million in revenue from385,000 global subscribers(or less than half of 1% of the platform’s monthly user base) in the three months since its launch. No data is yet available for Meta's Verified program, which rolled out earlier this month.

The March 23-26, 2023,surveywas conducted among a representative sample of 2,201 U.S. adults, with an unweighted margin of error of plus or minus 2 percentage points.