Credit Card Spending for shopaholics

27/02/2007

According to new research there are around 750,000 people in the UK who are in the so called shopaholic category. These seriously addicted shoppers regularly spend £200.00 per month on their fashion items in comparison to the £90.00 national average.

The data from the YouGov study suggests that there are many people who could be spending above their means, around 16 per cent of people in the study admitted that had lied about their spending habits, with many in serious debts of 11,000.

The study has highlighted birmingham as one of the cities where spending seems to be at its highest, in fact women in Birmingham spend £1,816 every year on their fashion buying habits, whereas the UK average is £1,042.

The study summaries that the typical British shopaholic would be a city living female below the age of 25 who is in an annual salary less than £18,959. In addition, 14 per cent of this salary is allocated to her fashion buying sprees.