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		<title>What is Impulsive Buying?</title>
		<link>http://lifelot.com/finance/what-is-impulsive-buying/</link>
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		<pubDate>Wed, 22 Jul 2009 04:23:20 +0000</pubDate>
		<dc:creator>Lifely</dc:creator>
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		<description><![CDATA[Addiction to buying, also known as compulsive buying constitutes a compulsive pattern of acquisition of products that is analogous to drug addictions. Based on market research and prevalence studies estimate the scope of the problem in different countries at between 1% and 7% of the population. However, in western consumer societies, a growing tendency has [...]]]></description>
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</script></div><p><a href="http://lifelot.com/finance/what-is-the-causes-of-impulsive-buying-part-1/"><em><strong>Addiction to buying</strong></em></a>, also known as <em><strong>compulsive buying</strong></em> constitutes a compulsive<em><strong> pattern</strong></em> of acquisition of<em><strong> products</strong></em> that is analogous to drug addictions. Based on market research and prevalence studies estimate the scope of the <em><strong>problem </strong></em>in <em><strong>different countries </strong></em>at between 1% and 7% of the population.<img class="alignright size-medium wp-image-270" title="impulse-buying" src="http://lifelot.com/wp-content/uploads/2009/07/impulse-buying-300x300.jpg" alt="impulse-buying" width="300" height="300" /></p>
<p>However, in western<em><strong> consumer societies</strong></em>, a growing tendency has been noted of <em><strong>buying,</strong></em> which is <em><strong>impulsive</strong></em>, recreational, and compensatory for <em><strong>negative emotional</strong></em> states, and the percentage of<em><strong> consumers </strong></em>who are prone or vulnerable to addiction is estimated to be between 19.5% and 25% of the <em><strong>population</strong></em>. These figures indicate the social relevance of this phenomenon, which is not limited to a small percentage of subjects suffering from a mental disorder, but instead reflects a socio-cultural tendency whose medium- and long-term consequences should be considered.</p>
<p>The definitions of <em><strong>addiction to buying</strong></em> include as key characteristics a perceived difficulty in controlling one’s impulsive and excessive <a href="http://lifelot.com/finance/what-is-the-causes-of-impulsive-buying-part-2/"><em><strong>buying behavior</strong></em></a>, its chronic nature, its functions of <em><strong>emotional repair</strong></em> and of symbolically<em><strong> improving self-esteem,</strong></em> the development of a strong psychological dependence, and its damaging effects at the <strong><em>economic</em></strong>, psychological, and family levels. Similarly, they point to learning processes as factors that explain the difficulty to control the behavior and its repetitive nature, and they acknowledge vulnerability factors of a cultural, social, situational, and psychobiological nature.</p>
<p>The above-mentioned perception of <em><strong>difficulty to control</strong></em>, linked to the highly<em><strong> impulsive nature of buying,</strong></em> has led to different and, at times, contrary interpretations of the nature of <em><strong>addictive buying,</strong></em> even going so far as to indicate that addictive buying can present characteristics of <a href="http://lifelot.com/living-culture/a-unforgetable-trip-to-nehemiah-house-philippines/"><em><strong>voluntary behavior</strong></em></a>. This latter point of view has also been defended by other authors in the field of addiction to chemical substances (Megías et al., 2000; Peele, 1987) and of <em><strong>impulsive behavior</strong></em> in general (Baumeister, Heatherton, &amp; Tice, 1994). These different conceptualizations are directly related to the different conceptual models of <strong><em>addictive behavior</em> </strong>and to the issue of addicts’<em><strong> personal responsibility</strong></em> for their own behavior and aspects.</p>
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