Netflix’s announcement earlier this week that it had lost 200,000 subscribers should sound a warning on the real costs to the economy of continuing high inflation.  I suspect Netflix is just a canary in a coal mine; a warning of bad times for us all, not just binge-watching couch potatoes.
With Consumer Price Inflation (CPI) at 8.5 percent, consumers’ whose wages have not caught up are planning to make appropriate cut-backs. A CNBC/Momentive poll of Financial Literacy conducted March 23–24 found that 35 percent of respondents have canceled a monthly subscription and 36 percent said they would consider doing so if higher prices persist.  Subscriptions, obviously, include one to Netflix.
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