31 October, 2006

Is UAE promoting CSD?

Compulsive Shopping Disorder (CSD) is a psychological disorder which has gained increased attention in the West over the years.

Recent articles in Gulf News and Medical News Today quoting American Journal of Psychiatry indicated that there may be 10 million plus people in US alone, who shop compulsively, placing their work, families and their mental health in jeopardy! And in UAE, going by lower rates for personal loans, frequent launch of attractive credit card promotions (sometimes even by Finance houses), pushing loans to boost bank earnings, and high growth potential for credit cards in the region, we may expect to have our own share of compulsive shoppers soon! In a recent online poll by Gulf News indicated that 16% of respondents do shopping as a therapy – for 6% it’s an addiction, 8% do it to tackle boredom and 2% do it to socialize. (Read the full post here...)

1 comment:

BD said...

Too much consumerism isn't good for any society. I agree, there is too much of it here and it's getting worse. With so many new shopping centers so highly promoted, shopping just becomes a pastime whether one can afford it or not.

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