Refrigerator magnets do lose strength over time, primarily due to natural forces that misalign their magnetic domains, although this process is slow. Factors such as temperature, physical impact, and nearby magnetic fields can accelerate this decline. Permanent magnets are not truly permanent; they gradually weaken, but under normal conditions, they will not fall off for a very long time. The presence of a steel surface, like a fridge door, helps maintain their magnetism longer than if they were placed on a non-magnetic surface. Overall, while magnets do degrade, their lifespan is extensive under typical usage conditions.