It's a hunt. It's therapy. It's a way of life. But
has it gotten out of control? Aimee Lee Ball investigates why we spend
the way we do.
Alas, our romance with shopping seems to be coming
to an end—or at least it's up for careful reevaluation. According to
research from Stanford University, more than one in 20 adults are
compulsive shoppers, purchasing things they don't need, use, or even
want. That's because shopping, once devoted to procuring necessities,
has come to fill multiple emotional needs—it's entertainment, a bonding
activity, a sport, a form of self-expression, and, quite often, a means
of solace. "These days what you buy is a way to connect to others and
showcase your personality and values," says Kit Yarrow, PhD, professor
of psychology and marketing at Golden Gate University in San Francisco.
So what happens now when more than five million people have lost their
jobs since December 2007, and many of us are trying to curb our
enthusiasm? Ironically, "when people feel economically insecure, they
tend to reassure themselves by shopping," says George Loewenstein, PhD,
professor of economics and psychology at Carnegie Mellon University in
Pittsburgh. The thinking is: "If I were economically secure, I would go
shopping, so if I'm shopping, I must be economically secure." And
that's just one thing to be aware of as you head for the mall. Here are
a few others:
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