A recent study in the U.K. shows that compulsive shopping tends to run in families, and that 80% of compulsive shoppers are women. Other disorders, such as personality and obsessive compulsiveness, are often experienced by over-shoppers as well. Blogger Elle Martinez defines compulsive spending and offers resources to deal with the disorder. She suggests destroying credit cards, using cash, sticking with a shopping list, and finding other ways to handle stress in your life. Professional treatment is also recommended. Why mostly women? Martinez says it may be that men don’t often identify themselves as shoppers, but the question remains unanswered.
Read full article here: Why Are 80% of Compulsive Shoppers Female?
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.