A Consumer Warning
After investigating major intermediaries like Mastercard, Accenture, and McKinsey, the FTC confirmed that at least 250 retailers are using surveillance pricing. They're tracking:
Imagine searching for a baby thermometer. If an algorithm profiles you as a new parent, it may intentionally show you higher-priced options first. A cosmetics company might offer promotions based on your skin type. The same product can have a different price for different people, based entirely on who the algorithm thinks you are.
This isn't dynamic pricing like airline tickets. This is surveillance pricing using your private information to charge you more simply because the system believes you'll pay it.
The FTC Chair Lina Khan stated: "Americans deserve to know how their private data is being used to set the prices they pay."
The FTC is now seeking public comments. Your voice matters. This isn't about convenience, it's about fairness. And right now, the system is rigged against you.
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