✉news BusinessPersonal Finance first seen 5 h ago, last 5 h ago, peak #36
Humphrey Yang Warns Loyalty Can Be a Silent Wealth Killer
Original: Humphrey Yang Says Being A Loyal Customer Is A Silent Wealth Killer, As Some Companies Charge You More The Longer You Stay
Personal finance commentator Humphrey Yang says staying loyal to a company can quietly erode your wealth, because some firms raise prices for existing customers while offering better deals to attract new ones. He advises people to periodically compare rates on things like insurance, phone plans and subscriptions, and switch providers instead of assuming long-term customers get the best price.
Why now: Renewed consumer frustration over loyalty pricing, where long-standing customers pay more than new ones, is driving interest in the warning.
Evidence
- Humphrey Yang Says Being A Loyal Customer Is A Silent Wealth Killer, As Some Companies Charge You More The Longer You Stay · Yahoo Finance
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