Although shopping may be good for you (from an exercise perspective, not a financial one), it seems that people in the UK are doing less and less of it – unless they are simply looking out for bargains and heading to clothingsales?
Figures published this week (January 14th) by the Office for National Statistics, spending on clothing and footwear by households in the UK fell to its lowest level during 2008 since the period of 2001 to 2002.
They obviously weren’t looking at my bank statements!
According to the research, the average family spent £21.60 per week on clothing and shoes. However, the "all-time high" for this category of spending was in 2004 to 2005 where it reached £23.90.
On Monday, Victoria Beckham admitted to being addicted to shopping – stating that to her, it was like a drug.
She confessed to spending £1 million in one shopping trip, on a single street in Milan recently!
"It’s as if all of those wonderful shops are calling out to me, ¬saying, ‘Come and buy me! Come and buy me!’" she said.
Designer handbags, designer shoes, sunglasses and designer dresses were among her extravagant purchases.
