Survey: Shopping Addiction Statistics
Survey finds a significant number of Americans who show signs of a problem
Read more about Live Within Your Means
Do you buy things just because they’re on sale? Do you sometimes hide purchases from your friends and family? Do you feel anxious when you’re not browsing store aisles or retailer websites? If so, you may be a shopping addict – an affliction uncovered by a significant portion of respondents to a recent CreditDonkey.com survey.
Since one key indicator of addiction is denial, we didn’t expect many respondents to raise their hands and announce, Yes! I’m a shopaholic! But the survey results reveal a significant percentage of consumers display some, or all, of the warning signs of shopaholism.
These red flags include feeling guilt or shame after shopping (which 36.7 percent of respondents have experienced), hiding purchases from their families (20.5 percent), and checking available credit at least once a week (26.7 percent). However, just 4.7 percent of respondents said they have been labeled “shopaholics."
Among the survey’s other findings:
We were happy to learn that most consumers use credit cards for the sake of convenience or to save money via rewards programs, but the fact that so many people treat credit cards as extra spending money is disturbing. When people routinely spend so much on their cards that they can’t pay off the monthly balance, we recommend that they temporarily suspend their card use – say, for 30 days. This will help them distinguish between when they’re buying on impulse and when they’re purchasing things they really need.
(From September 3 to September 8, 2013 CreditDonkey surveyed 1,063 Americans about their shopping habits, payment preferences, credit card use, and what makes them happy.)
Follow @CreditDonkey or write to Charles Tran at email@example.com
More Articles in News
Most people have not saved enough to maintain their current lifestyle for even one month.
Articles on Survey: Shopping Addiction Statistics
Why do we constantly overspend? Read on to learn how retailers are plotting to outwit us.
Shoppers who know how to find Macy’s coupons when the store has big sales and where to find the discounted racks feel a high when they walk off with their bags full of work outfits, everyday clothes, and home goods. They feel like they got a ...
If you’re a casual user of PayPal, arguably the most widely used online payment service, you may not realize it has a credit card. It’s designed to lure loyal members to conduct as many financial transactions with the eBay-owned company as possible.
If Kohl’s is your department store of choice, then chances are you are a big fan of deals. The retailer’s generous coupons and Kohl’s Cash get shoppers to keep coming back.
Do most of your mall visits include a must-have stop Victoria’s Secret? Do you have enough VS totes stored away that you could pack your lunch in one every day for a month? If so, the luxury lingerie retailer’s Angel credit card might be worth a ...
To attract new customers, many credit cards offer special deals specifically for online shopping - and you could easily earn cash back and rewards just for buying things you’d be buying anyway.
Consumers are constantly torn between the quick rush they get from impulsive purchases and their pressing need to pay off debt. Whether it’s a tempting candy bar at the checkout or that perfect-fitting pair of jeans tried on out of curiosity, ...
What do you think about Survey: Shopping Addiction Statistics?
You might also be interested in
More Articles in News