A Bad Time for Shopaholics?

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Bennett, andrew and royle, nicholas.

power cords computer liteon of AL 10:08PM May 19, 2010

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 7:19AM November 01, 2008

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 7:19AM November 01, 2008

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 12:09PM October 31, 2008

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Alpha Consumer

Alpha Consumer

Kimberly Palmer, senior editor for U.S. News & World Report, is the author of Generation Earn: The Young Professional's Guide to Spending, Investing, and Giving Back. Send her your personal finance questions.


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