New Info On Compulsive Shopping Disorder

credit cardThere is a new study out of Stanford University that has basically turned the assumption of compulsive shopping disorder (also called compulsive buying disorder and Oniomania) on its head. It was assumed that this was a disorder mainly afflicting women, but the new study throws that assumption out the window with it being a problem for just as many men as women:

Prior to this study, researchers estimated that compulsive buying disorder affected between 2 and 16 percent of the U.S. population and that 90 percent of sufferers were women. Koran launched this study to get a more definitive estimate of how many people were affected by the disorder…

The researchers found that 6 percent of women and 5.5 percent of men had symptoms consistent with compulsive buying disorder. The gender-adjusted prevalence rate was 5.8 percent.

Koran said the fact that men and women have similar rates of compulsive shopping tendencies was surprising. “The difference that we observed between the prevalence in women and men is quite small and contrasts with the marked difference reported in clinical trials, in which women constituted 80 to 95 percent of the participants,” the authors noted.

Some of the other findings from the study:

  • Compulsive shoppers were younger and more likely to have reported incomes under $50,000.
  • Compulsive shoppers had more of their credit cards were within a few hundred dollars of the credit limit.
  • Compulsive shoppers were more than four times as likely as other respondents to make only the minimum payment on credit card balances.
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    4 Responses to New Info On Compulsive Shopping Disorder

    1. henrik says:

      I don’t buy the whole “Lets call it a disease” thing. It is many times a (too) easy way of saying “It is not my fault”.

      Some people just doesn’t stop to think about the consequences of their actions.

    2. bluprint says:

      I agree. If it’s really a disease, why isn’t it better distributed across age and income groups? Are older, wealthier people somehow immune to this “disease”?

    3. NCN says:

      Personal Finance Advice,
      I have Compulsive Blogging Disorder. My fingers twitch, my back hunches over, and I have a crushing need to check traffic stats. Who will save me?

      Loving the PERSONAL finance advice,

      This Comment is part of my 100 Comments Series over at No Credit Needed.

    4. Pingback: No Credit Needed » Blog Archive » 100 Comments Series Part 4

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