‘Shopaholic’ epidemic hits Britain

One in six of the adult population are shopaholics

Four million British women and three million British men have become addicted to shopping, using credit cards, store cards and loans to supply their obsession.

The British Retail Consortium (BRC) released a report showing that women tend to spend the most on high street clothes, whereas men spend circa £600 a year on designer clothing, nearly double what female shoppers spend on designer goods.

Skincare and cosmetic products, traditionally bought by women, are now attracting the average shopaholic male, who will spend £338 a year on these types of products; while females will spend nearly £200.

Ann Robinson, a director at uSwitch, said:

In today’s celebrity obsessed society, any lessons learnt from the recession have been airbrushed out of the picture. Despite the financial constraints, women have carried on copying the lifestyles and shopping habits of their idols and ignoring the debt they are racking up in the process.

This spend-emic has spread and it’s clear that men too have caught on to the joys and perils of shopping.

Payplan

If you are worried or struggling with your unsecured debt, or are behind with your priority costs due to spiralling monthly debt bills, then contact Payplan for free debt advice on 0800 280 2816.

Written by Administrator on September 6th, 2010

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