Writer Dominique Jackson believes it’s time to take the illness of compulsive shopping seriously. She writes, “…oniomania, to give it its scientific name, is as potentially devastating for the individual and their families as alcoholism, compulsive gambling or other addictions.…” The problem has been noted for over 100 years, but has only recently begun to be examined. Recent studies show that a drug known as memantine may be of help in curbing compulsive urges and behaviors, despite our rampant consumer culture which promotes and encourages such spending. Jackson is hopeful that new awareness and treatments will bring help to those who need it.
Read full article here: Our Culture Of Consumption Glorifies Compulsive Shopping. It Is Time To Treat The Shopaholic Like Any Other Addict Who Desperately Needs Help
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.