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Introduction:
New research reveals that the tough economic climate is not stopping shopaholics from spending money, with millions racking up huge amounts of unsecured debt after using their disposable income to buy clothes, accessories and cosmetics. Nearly half of female shopaholics ignore their overdraft limit to purchase ‘must have’ items, with many admitting they often lie about the cost of their purchases or sneak them onto their partner’s credit card. Women are not the only culprits with male shopaholics often spending more on designer clothes and grooming products than their female counterparts.
So why are so many of us spending beyond our means?
Joining us to discuss this further is Ann Robinson, a consumer finance expert from uSwitch.com.
