A new survery out of the UK indicates that people often go on spending sprees in an effort to lift their spirits lowered by the economic downturn.
A new survey finds almost half of UK women are frightened or scared by the recession, and 45 percent felt their financial situation had taken a hit. A full 75 percent said they would be making cutbacks.
Yet 79 percent of them said they would splurge to cheer themselves up…
The problem is likely not confined to women. A 2006 study in the United States found 6 percent of women have it so bad they are labeled compulsive buyers, but so are 5.5 percent of men.
I get a little worried when these academic surveys cover stuff I heard at least a season ago on Bravo’s Real Housewives series.
