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Q: I am looking for stories/info/research about people in financial trouble ( Answered,   1 Comment )
Question  
Subject: I am looking for stories/info/research about people in financial trouble
Category: Miscellaneous
Asked by: 97ms-ga
List Price: $50.00
Posted: 15 Nov 2005 08:39 PST
Expires: 15 Dec 2005 08:39 PST
Question ID: 593263
I'm researching the who, what, when where, why and how of people who
over purchase because something was on sale. Or they were offered such
good terms  or a deal that they just couldn't refuse and ended up in
financial trouble.

Also need specific data on personal debt, credit card debt and how
people get out of debt.

Most important is the over purchase of sales items. Anything and
everything will be helpful.

Also looking to interview anyone who got in financial trouble buying
on sale and the consquences of their actions.

Thanks for all your help.
97MS
Answer  
Subject: Re: I am looking for stories/info/research about people in financial trouble
Answered By: politicalguru-ga on 15 Nov 2005 11:50 PST
 
Dear 97ms, 

Here are several stories like that, as well as support groups that
would help you get into more people with this problem:

Rita Simonetta, "Obsessive Collecting When Stuff Rules Your Life"
<http://www.journalism.ryerson.ca/online/replay/altlife/rsimonetta.htm> 
" Obsessive collectors who can't control themselves from the next
purchase and who become so attached to their collection that they
can't function in the outside world might do so, Prof. Emslie says,
because they feel a lack of power in their lives."

Personal stories - section of Addicitons.co.uk (go there by going to
<http://www.addictions.co.uk/addiction.asp?ID=shop> and click on
"personal stories" on the right hand bar:
"I ran up a debt of ?24,000 
Before I went into the Priory to be treated for shopping addiction, I
had run up a debt of ?24,000. From quite a young age, I had to have
&#8216;nice&#8217; things because they made me feel good.[...]  I
sought professional help when I&#8217;d lost my job because I was out
of the offivce shopping all day long.[...]"

Joan Caplin, "Confessions of a compulsive shopper", Money Magazine,
November 4, 2005, <http://money.cnn.com/2005/07/20/pf/shopper_0508/>

America's 'orgy of consumption&#8217;, MSN - NBC, Oct. 23, 2005 
<http://www.msnbc.msn.com/id/9753172/> 

"When the shopping habit costs too much", BBC News, 8 March, 2000, 
<http://news.bbc.co.uk/1/hi/uk/664290.stm> 

Blaine Harden, "Javanomics 101: Today's Coffee Is Tomorrow's Debt"
Washington Post, June 18, 2005,
<http://www.washingtonpost.com/wp-dyn/content/article/2005/06/17/AR2005061701226.html>

Lisa Price as told to Beth J. Lueders, "Living in Secret Debt" 
<http://www.troubledwith.com/stellent/groups/public/%5C@fotf_troubledwith/documents/articles/twi_030743.cfm?channel=Life%20Pressures&topic=Debt&sssct=Stories>

Advice and Treatment
--------------------
Donald Black, M.D., "Compulsive Buying: How to Keep the Money in Your
Wallet", Vitrual Hospital
<http://www.vh.org/adult/patient/psychiatry/prose/compulsivebuying.html> 

Karen Mattson, M.A., "Compulsive shopping", May 17, 2002 Optum, Health Forums.com 
<https://www.healthforums.com/library/1,1258,article~9708,00.html> 
"I think my friend has a compulsive shopping problem. She seems really
out of control with her buying habits, and I'm worried about her. Can
you shed some light on this type of behavior and what to do about it?"

"Addicted to shopping" - Go Ask Alice!,  January 28, 2000 
<http://www.goaskalice.columbia.edu/1632.html> 
"My mother is addicted to TV home shopping. Are there any sites on the
web that would provide some information on the diagnosis of this type
of addiction?"

E.J. Mundell, "Compulsive Shopping Carries a Heavy Price" HealthDay, 
<http://www.healthcentral.com/newsdetail/408/528132.html> 

What is Compulsive Shopping and Spending? , Illinois Institute for
Addiction Recovery
<http://www.addictionrecov.org/spendwhat.htm> 

Peggy Elam, PhD, "Wife is Compulsive Shopper", iVillage
<http://health.ivillage.com/mindbody/mbpersonal/0,,4qlp,00.html> 
"My wife cannot stop herself from shopping. She accumulates everything
in large amounts. We have a huge house, and she has taken 90 percent
of the space for her stuff. She had some issues with her mother and
was denied certain material things as a child, so now she has
accumulated an abundance in an effort to satisfy that need. What can
you tell me about compulsive shopping? Does the situation I have
described fit the profile of an obsessive-compulsive disorder?"

Michelle Haas-Dosher, "It Was Such a Bargain: Help for Compulsive Shoppers" 
<http://hffo.cuna.org/story.html?doc_id=353&sub_id=12433> 

Prof. Ruth Engs, "HOW CAN I MANAGE COMPULSIVE SHOPPING and SPENDING
(SHOPOHOLISM)",
<http://www.indiana.edu/~engs/hints/shop.html> 

Shopping Addiction - Addictions.co.uk
<http://www.addictions.co.uk/addiction.asp?ID=shop> 

Felipe Martinez, M.S., "Controlling spending problems", August 17,
2004 Optum, HealthForums.com
<https://www.healthforums.com/library/1,1258,article~11188,00.html> 

Ginny Lund, M.A., L.P., C.E.A.P., "Bipolar disorder and spending
sprees", April 19, 2005 Optum, HealthForums.com
<https://www.healthforums.com/library/1,1258,article~8990,00.html> 

What Is Spending Addiction?And How Do I Know If I Have It?
<http://www.4therapy.com/consumer/life_topics/article/5686/566/What+Is+Spending+Addiction%97And+How+Do+I+Know+If+I+Have+It%3F>

Shopaholics treated with drugs, BBC , 12 March, 2002, 
<http://news.bbc.co.uk/1/hi/health/1868364.stm> 


Books
-----

April Lane Benson, Ph.D., _I Shop Therefore I am_ 
<http://www.stoppingovershopping.com/> 

Ellen Mohr Catalano, Nina Sonenberg, _Consuming Passions: Help for
Compulsive Shoppers_ (New Harbinger Publications, 1993).

Janet Damon, _Shopaholics: Serious Help for Addicted Spenders_ (Hp Books, 1988). 

Olivia Mellan, _Overcoming Overspending : A Winning Plan for Spenders
and Their Partners_ Walker & Company, 1997

Karen O'Connor, _When Spending Takes the Place of Feeling_, (Thomas
Nelson Inc, 1992).

-------------, _Addicted To Shopping: ...And Other Issues Women Have
With Money_ (Harvest House Publishers, 2005).


Articles
--------

RF Baumeister, DG Mick, "Yielding to Temptation: Self-Control Failure,
Impulsive Purchasing, and Consumer Behavior", Journal of Consumer
Research, 2002

DW Black, "Compulsive Buying Disorder", 

DW Black, P Monahan, S Schlosser, S Repertinger, "Compulsive Buying
Severity: An Analysis of Compulsive Buying Scale Results in 44
Subjects."  Journal of Nervous & Mental Disease. 189(2):123-126,
February 2001.

GA Christenson, RJ Faber, M Dezwaan, NC Raymond, "A Descriptive Study
of Compulsive Shoppers" American Psychiatric Association Conference,
Washington, DC, 1992

JE Grant, "Three cases of compulsive buying treated with naltrexone", 
International Journal of Psychiatry in Clinical Practice, 2003

SH Lee, SJ Lennon, NA Rudd, "Compulsive consumption tendencies among
television shoppers", Family and Consumer Sciences Research Journal,
2000

Schlosser S, Black DW, Repertinger S, Freet D. "Compulsive buying:
Demography, phenomenology, and comorbidity in 46 subjects" G


Support Groups
--------------

Spenders Anonymous
<http://www.spenders.org/indexnobutton.html> 
" Spenders Anonymous is a 12-Step program based on the principles of
Alcoholics Anonymous, however there is no organizational affiliation
between Spenders Anonymous and A.A. Our intention with this web site
is to get the word out to compulsive spenders who are still suffering.
Our message is that you are not alone and that you too can find peace
and serenity through the twelve steps of Spenders Anonymous, as we
have."

Debtors Anonymous
<http://www.debtorsanonymous.org/> 

Solvency.org 
<http://www.solvency.org/> 

 The Foundation for Credit Counselling
<http://www.cccs.co.uk/about/aboutus.htm> 

 Consumer Credit Counseling Service of Orange County 
<http://www.cccsoc.org/pages/stories/stories_01.phtml> (stories on the page)

I hope this answers your question. Please contact me if you need any
clarification on this answer before you rate it. My search terms were:
[debt "on sale" "buying OR shopping" stories]
[compulsive shoppers], 
[related:www.spenders.org/], 
["Spenders Anonymous"]
["obsessive collectors"]
[obsessive spenders], 
[obsessive purchase]
["my debt" story shopping addiction], 
["my debt" story shopping], 
[compulsive "buying OR shopping" stories]

Request for Answer Clarification by 97ms-ga on 15 Nov 2005 13:41 PST
Wow, that was fast. Thanks. 

Now, I think I messed up and was not clear.
The stories i'm looking for dont have to be from just compulsive shoppers.

Just regular folks who get themselves into financial trouble by buying
too much stuff just because it was on sale. It could be in quantity or
just because it was on sale and they couldn't pass up the offer.

The issue may even be very good marketing that entices folks to buy on sale.

I probably should have mentioned the title of my report is "Going
Broke-On Sale" Please ask me questions if i'm confusing you or
rambling aimlessly.

Clarification of Answer by politicalguru-ga on 15 Nov 2005 15:06 PST
Dear 97ms, 

Although most of the material I gave you was about compulsive shopping
(which is an extreme situation, but not that rare and certainly fits
your description), there are some stories there, which are not about
compulsive shoppers, but "regular" people, who got into debt.

In any case, I hope these would help: 
Debt Stories
<http://www.debtstories.org/> - especially note the stories about
credit card debt.

alt.consumers.experiences
<http://groups.google.com/group/alt.consumers.experiences?hl=en> -
this might be a very good source to get personal stories.

 Jay MacDonald, "Men and women spend and save differently" , BankRate
<http://www.bankrate.com/brm/news/credit-management/men-women-money.asp?prodtype=cc>
- who is more attracted to sales

Request for Answer Clarification by 97ms-ga on 02 Dec 2005 09:13 PST
Sorry for the delayed response. 
Thanks for your input to date.

I just went through most of the links and there was some good stuff there. 

Anyway most of it was about shopping addicitions and very little about
specific about shopping at sales.

Looking for your feedback where we can locate more specific
data/statitics about sales shopping versus everyday shopping. any data
proving that people will buy more quantity when something is on sale.
IT might be marketing stats, i dont know for sure.

Looking forward for your wise input.
Thanks
97MS

Clarification of Answer by politicalguru-ga on 03 Dec 2005 09:32 PST
Is this the type of info you're after?

Discounts and sales don't always mean more profits for retailers and manufacturers
http://www.physorg.com/news4454.html 

 CONSUMER PSYCHOLOGIST NEWSLETTER
<http://www.consumerpsychologist.com/cpn1-5.htm>

Request for Answer Clarification by 97ms-ga on 05 Dec 2005 08:33 PST
Yes that helps. Also stats on purchasing habits related to sales

Clarification of Answer by politicalguru-ga on 05 Dec 2005 09:13 PST
Here are a few more articles : 

THE PSYCHOLOGY OF CONSUMERS  - CONSUMER BEHAVIOR AND MARKETING 
<http://www.consumerpsychologist.com/> 
(search for the term "sale" for interesting observations on when
people buy an item on sale).

Luxury Bargain Shopping ? Oxymoron, but Reality Today 
Buying luxury brands on sale gives shoppers an experiential thrill
<http://www.unitymarketingonline.com/reports2/luxury/pr6.html> 

" I like to think I&#8217;m a bargain shopper. Being a bargain shopper
is very time consuming because I have to go around to different stores
to see what is on sale and what I want to buy. "
Fantasy Shopper, Websolvers Blog 
<http://blog.websolvers.com/2005/09/fantasy_shopper.php> 
[Note: the websolbers blog might be interesting for you in any case]. 

Igal Hendel and Aviv Nevo, 2003. "Measuring the Implications of Sales
and Consumer Stockpiling Behavior",
<http://faculty.econ.northwestern.edu/faculty/nevo/research/inventory_structural.pdf>

----------------------, 2001. "Sales and Consumer Inventory"
http://www.idei.asso.fr/Commun/Conferences/CSIO-IDEI/2001/Papiers/Nevo.pdf>

David R. Bell and James M. Lattin, 1998. "Shopping Behavior and Consumer
Preference for Store Price Format: Why &#8220;Large Basket&#8221;
Shoppers Prefer EDLP"
<http://pubsonline.informs.org/main/pdfstore/ShoppingBehaviorand_article.pdf>

Wansink, Brian, Robert J. Kent, and Stephen J. Hoch (1998), &#8220;An
Anchoring and
Adjustment Model of Purchase Quantity Decisions,&#8221; Journal of
Marketing Research, 35:1  (February), 71-81.
<http://www.consumerpsychology.com/insights/PDF/anchoring.pdf>
Comments  
Subject: Re: I am looking for stories/info/research about people in financial trouble
From: bozo99-ga on 15 Nov 2005 09:46 PST
 
This is a frequent topic on the BBC website.

A search for  "debt site:bbc.co.uk"  turns up (among others).
http://news.bbc.co.uk/1/hi/in_depth/business/borrowing_debt/default.stm

See also http://www.insolvency.gov.uk/

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