Home Study: ‘Retail therapy’ costing Virginians $490 million this holiday season
Local

Study: ‘Retail therapy’ costing Virginians $490 million this holiday season

Rebecca Barnabi

A session of “retail therapy” after a challenging day or a difficult week can lift our spirits, although temporarily.

But a new study reveals that Americans are purchasing products online as more of a permanent fix for mental health struggles.

CouponBirds polled 3,000 consumers about their online shopping habits, and more than 2.3 million Virginians are shopping to make themselves feel better to the tune of $490 million. One in 10 polled said they look forward to Black Friday more than Thanksgiving Day. Each retail session can cost a Virginian shopper an average of $212.95.

While not the cause, the COVID-19 pandemic exacerbated mental health for many Americans. In Kansas, the study revealed, 83 percent admit to retail therapy, or 1.8 million Americans. The least dependent on stuff are West Virginians where only 11 percent, or 159,000 Americans are likely to turn to retail therapy for comfort.

CouponBirds’ survey also revealed that retail therapy is coming at the expense of other ways of improving mental health. Given the choice, 45 percent said they are more likely to shop online than exercise to lift their mood. Fifteen percent said they go on spending sprees even when they cannot afford it.




Featured Video

 

Latest News

arn anderson mid atlantic territory wrestling
Pro Wrestling

Mid-Atlantic Territory Wrestling returns to Augusta Expo on Saturday, Nov. 7

government money
Football, Go 'Hoos

UVA Athletics: Taking selling out to the highest bidder to the next level

UVA Athletics is going all-in on its strategy of bending over frontwards for its corporate partners, as the department continues to distance itself from the vast majority of those in its dwindling fan base.

richard linton virginia tech
Life, Virginia

Virginia Tech: Board of Visitors names alum Richard Linton new president

Richard Linton, a triple-Hokie, will be the new president at Virginia Tech, succeeding Tim Sands, who is staying on until Linton assumes the job at the beginning of the 2027 spring semester.

uva football offensive line
Football, Go 'Hoos

UVA Football: Interesting tidbit on the O line from Pro Football Focus grades

earth planet ecology environment recycle world
Life, Region

JMU professor helps international team solve Sahara Desert mystery

business open cafe restaurant apron sign
Life, Region

Greene County: Lafayette Inn & Restaurant event benefits Feeding Greene

climate change
Politics

Earl Zimmerman: Roundup of the latest news in climate, energy sectors