The “urge to splurge” is afflicting more and more men. Though the chronic need to shop is often attributed to women, the compulsion is not gender specific. Compulsive shopping is a consistent need to buy things in order to manage one’s feelings or problems and often interrupts normal life. Men tend to shop bigger, buying electronics, car toys, or athletic equipment. Yet, due to the feminine stigma, men do not usually seek treatment. Experts determined that the development of a shopping addiction may result from psychological factors like an intolerance for difficult emotions or a lifelong emotional void. Chronic shopping episodes repeat themselves, gaining the shopper only momentary relief.
Read the full article here: Shopping Addiction Issues Increasing Among Men
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.