Trips to the mall are the fix some Americans need to manage the stress of their lives. Like an alcoholic craves a drink, so does a compulsive shopper rush to a retailer. The compulsion may begin early in life, regardless of income. The reasons for chronic shopping range from low self esteem, to depression, or more complex mental health issues. Compulsive shopping, or addiction of any kind, is a medical condition and requires therapy or a support group. Seek help to curb the impulse to shop. In the meantime, refrain from shopping alone, use the Internet only in rooms where others can see you, and dispose of your credit cards.
Read the full article here: Study: Shopping Addiction a Growing Problem in the US
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.