SPENDING ADDICTION

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Spending or shopping addiction refers to a repeated and compulsive behaviour of making excessive or unnecessary purchases. It can come in different forms—some engage in ‘retail therapy’, some pursue luxury and lifestyle products, while others chase after bargains and sales. However, a common underlying pattern is the loss of control and use of spending to feel good or cope with negative feelings. It can lead to serious consequences such as debts, relational conflict and other mental health issues.