It can be easy to think that a shopping addiction is just a simple case of buying things you don’t need and excessive spending, but in fact this addiction goes much deeper than that. Compulsive shoppers, shopping addicts, or shopaholics make up 5.8 percent of the American population, with the majority being women. While it is manifested in the very tangible way of buying and spending in excess, a shopping addiction is often tied to other psychiatric disorders. It is an unhealthy and out-of-control way for some people to deal with anxiety, low self esteem or being upset, and deserves to be taken seriously and treated with care.
Read the entire article here: Compulsive shopping: No sale
Carrie Rattle is a Principal at BehavioralCents.com, a website for women focused on mind and money behaviors. She has worked in the financial services industry for 20+ years and hopes to inspire women to better prepare themselves for financial independence.