A Bad Time for Shopaholics?

Back to blog

Facts belie the theory

Common sense would dictate that shopping should be curtailed in economic downturns.

But shopaholics are so diagnosed because they do not exercise common sense at any time.

They are compelled to spend, baby, spend regardless of their economic ability to do so rationally.

They accumulate debt beyond their ability to pay in good times, bad times and all other times.

They are merchants best friends and worst enemies.

They move merchandise, but lack the ability to pay for it.

In one way or another, they become a burden on all of us.

And when they control the purse strings of the entire country, we all live under the heavy cloud of debt that will be depressing for our children, their children and for generations.

HillbillyBill of TN @ Nov 01, 2008 07:19:07 AM

Facts belie the theory

Common sense would dictate that shopping should be curtailed in economic downturns.

But shopaholics are so diagnosed because they do not exercise common sense at any time.

They are compelled to spend, baby, spend regardless of their economic ability to do so rationally.

They accumulate debt beyond their ability to pay in good times, bad times and all other times.

They are merchants best friends and worst enemies.

They move merchandise, but lack the ability to pay for it.

In one way or another, they become a burden on all of us.

And when they control the purse strings of the entire country, we all live under the heavy cloud of debt that will be depressing for our children, their children and for generations.

HillbillyBill of TN @ Nov 01, 2008 07:19:06 AM

Getting a little addicted to making money is better for you than getting addicted to spending it. Too much of either is bad, though. Go ahead with the movie. We need to see what has happened to some of us.

of @ Oct 31, 2008 12:09:57 PM

Back to blog

Add Your Thoughts
About You
Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, writes about how to save money, avoid scams, manage debt, and be a savvy shopper. Send your personal finance questions to her for expert money advice.


advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!