Compulsive Spending / Shopping
Compulsive spending has many names: shopping addiction, oniomania, impulsive buying, shopaholism, and more. Although compulsive spending is not an official diagnosis, it resembles other addictions. People with oniomania often invest excessive time and resources to shop. They may not know what need they are trying to fill, but the compulsion to buy is still strong.
A 2004 survey estimates 5.8% of adults in the United States have a shopping addiction. Some studies show higher rates among online shoppers, perhaps due to the internet’s convenience and anonymity. The condition can cause financial concerns, relationship conflict, and personal distress. Oniomania can be as difficult to stop as any other compulsion or addiction.
However, compulsive spending is treatable. Therapy can help a person move past addiction and take back control over their life.
Read more at GoodTherapy.org