I tend to agree, with a caveat. If you have a family Apple account and one of your family members has a subscription, you do not have visibility even though it is your credit card getting billed. So for a complete picture you have to log into each of your kids' devices to see if they have an active subscription.

It seems to be done for privacy reasons, but I don't agree with how they handle it. I should be able to see all charges going to my Apple account credit card no matter which sub-account originated them.