Consumer Payment Card News

Binge Spending

A new survey has found that nearly as many men as women experience “compulsive buying disorder.” The research by the Stanford University School of Medicine also found that more than one in 20 adults in the U.S. suffers from the condition. Prior to the study, researchers estimated that compulsive buying disorder affected between 2% and 16% of the U.S. population and that 90% of sufferers were women. “Compulsive buying disorder” is not the same as occasional “impulse buying,” which many people engage in. Sufferers go on frequent shopping binges and accumulate large quantities of unnecessary, unwanted items. They also often rack up thousands of dollars in debt and lie to their loved ones about their purchases. The researchers found that 6% of women and 5.5% of men had symptoms consistent with “compulsive buying disorder.” The gender-adjusted prevalence rate was 5.8%. For more information visit: “http://mednews.stanford.edu”:http://mednews.stanford.edu.

Leave A Reply