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Our Impulse Purchases More Than Doubled Over The Past Year

Let’s face it, a lot of us spend money on things we really don’t need, and those impulse buys certainly take a bite out of our wallets.

A new SlickDeals survey finds:

  • In the last year, the average American has made 12 impulse purchases a month, at a cost of $276.
  • That translates to $3,312 annually, or $198,720 over the course of their lifetime.
  • That’s an increase of 51% over last April, where folks on average spent $183 per month.
  • Among the top impulse purchases:
    • Food/groceries (48%)
    • Household items (42%)
    • Clothing (40%)
    • Coffee (33%)
    • Toys (29%)
    • Takeout (28%)
  • But even though that money adds up, folks don’t necessarily feel guilty about their purchases.
  • In fact, 62% actually say they feel happy after an impulse purchase.
  • Not surprising, the Internet is responsible for a lot of those impulse purchases.
  • Two-thirds of people say they make most of their impulse buys in bed using their smartphones.
  • And now that things are getting back to normal, that doesn’t mean the online shopping will end.
  • Two thirds of Americans say they plan to continue shopping online post-pandemic.

Source: Yahoo Finance


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