October 30, 2013

Shopaholic Addiction Statistics

Another CreditDonkey survey yields un-surprising results.  

Warning signs of shopaholism include feeling guilt or shame after shopping (which 36.7 percent of respondents have experienced), hiding purchases from their families (20.5 percent), and checking available credit at least once a week (26.7 percent). However, just 4.7 percent of respondents said they have been labeled “shopaholics."

Among the survey’s other findings:
  • 31.7 percent of respondents said they “almost always” or “frequently” purchase things just because they’re on sale.
  • 18.1 percent said they often purchase items that they don’t need or didn’t plan to buy when they set out to shop.
  • Nearly 11 percent of those polled said they frequently shop to improve their mood.
  • 47.4 percent said they experience a rush of excitement when they go shopping.
  • 24.4 percent admitted they have items in their closets that are still in shopping bags or have price tags.
  • 18.5 percent said they have frequent arguments over money.
  • 19.1 percent said their main reason for using credit cards is to pay for items when they don’t have enough money.

According to the survey, most consumers use credit cards for the sake of convenience or to save money via rewards programs, but the fact that so many people treat credit cards as extra spending money is disturbing. 

(From September 3 to September 8, 2013 CreditDonkey surveyed 1,063 Americans about their shopping habits, payment preferences, credit card use, and what makes them happy.)


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