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Are there any others who feel embarrassed about buying huge amounts of things they don't need, like hoarders, and how do we overcome this habit?
Compulsive buying, also known as "oniomania," affects 5.8% of the US population and is more prevalent in women than men.
(Source: Journal of Clinical Psychiatry)
A study found that individuals who experience "buyer's remorse" are more likely to have higher levels of debt, lower credit scores, and poorer overall financial well-being.
(Source: Journal of Consumer Research)
The average American spends $1,200 per year on impulse purchases, with clothing and shoes being the most common items bought on impulse.
(Source: Credit Donkey)
Research suggests that exposure to cluttered environments can increase stress and anxiety levels, leading to feelings of being overwhelmed and anxious.
(Source: Psychology and Marketing)
In the US, the top five most impulsively purchased categories are clothing, shoes, dining out, electronics, and books.
(Source: Slickdeals)
Hoarding is a recognized mental disorder, affecting 2-5% of the population, and is associated with anxiety, depression, and social isolation.
(Source: International OCD Foundation)
The concept of "decision fatigue" suggests that making too many choices can lead to reduced self-control and increased impulse buying.
(Source: Journal of Consumer Research)
A survey revealed that 54% of shoppers have felt pressured by salespeople to buy something they didn't need.
(Source: National Association of Sales Professionals)
Studies show that exposure to marketing and advertising messages can influence consumers' implicit attitudes towards products and increase the likelihood of impulse buying.
(Source: Journal of Consumer Psychology)
A study found that consumers who practice mindfulness and self-reflection are less likely to engage in impulse buying and have better control over their spending habits.
(Source: Journal of Consumer Behavior)
The brain's reward center, the nucleus accumbens, is activated during impulse buying, creating a pleasurable feeling similar to drug use.
(Source: Journal of Neuroscience)
Some retailers use "nudging" techniques, such as placing high-margin or impulse-buy items near checkout lines, to encourage unplanned purchases.
(Source: Journal of Marketing Research)
In the US, impulse purchases account for approximately 20-40% of unplanned spending, with an average of $5,400 spent annually on unnecessary items.
(Source: Marketing Science Institute)
The environmental impact of overconsumption is significant, with an estimated 8-10% of global carbon emissions attributed to the production, manufacturing, and transportation of goods.
(Source: World Resources Institute)
Cognitive behavioral therapy (CBT) has been shown to effectively treat compulsive buying behavior and reduce symptoms of anxiety and depression.
(Source: Behaviour Research and Therapy)
Mindful spending, which involves being aware of one's spending habits and budgeting, can reduce impulse buying and improve financial well-being.
(Source: Journal of Financial Planning)
The "endowment effect" is a cognitive bias that causes people to overvalue possessions they own, making it more difficult to part with them and resist buying more.
(Source: Journal of Consumer Research)
The "mere ownership effect" is a tendency for people to place a higher value on items they own, regardless of their utility or necessity, leading to a greater likelihood of overconsumption.
(Source: Journal of Marketing Research)
Research suggests that fostering a sense of gratitude can reduce impulse buying and increase overall well-being.
(Source: Journal of Positive Psychology)
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