Research from uSwitch is giving the impression that the UK is full of a shopaholics. We look at the case for people who aren’t shopaholics and are working to reduce their debts.
As women’s spending habits are hit by the media again this week, we ask are women in the UK really all shopaholics?
Research carried out by comparison site uSwitch reported that four million women are shopaholics with average debts of £3,353. This time however, men’s spending habits were also looked at and the report found that there a three million male shopaholics with average debts of £3,425 each.
uSwitch’s Ann Robinson blamed “today’s celebrity obsessed society” for the shopaholic behaviour, but as we’ve discussed in some of our recent blogs, such as our discussion of the increase in bankruptcy among women, it’s all too easy to make a sweeping statement about women copying the celebrity lifestyle at the expense of credit cards and overdrafts without looking at the bigger picture.
Sure, there are lots of irresponsible spenders out there, both male and female, but there are also a lot of people who are making conscious efforts to manage their finances and deal with their debt problems. We know because we’re helping them to do so with IVAs and Debt Management Plans!
A few months ago ClearDebt’s Jacqueline Cohen took part in a feature for the Daily Mirror where they looked at the cost of a woman’s daily wardrobe. We ran a poll along with that blog, with somewhat of a smaller sample size, and found 65% of voters said they had cut down on their shopping habits since the start of the recession.
I’m proud to say I’m part of that 65% and even though there are still some shopping urges I can’t resist, on the whole, when I’m out shopping I find myself putting things back before I make it to the till! Another example is Piper from Frugal living, who has been blogging about her experiences of shopping on a budget.
Are you a reformed shopaholic? What are your top tips for resisting the urge to splurge? Leave a comment and let us know!