Are you someone who has better luck with well-researched purchases . . . or impulse buys? I know, stupid question, right?
According to a new report, the average American spends $314 per month on impulse purchases. That's up from $276 in 2021 and $183 in 2020. (When our impulse buys were mostly hoarding toilet paper and cleaning supplies.)
In some cases, the impulse buy might be one BIG item. The most the average person is willing to spend on a single item is now $310, which is also up from $277 in 2021 and $157 in 2020.
This year, the #1 impulse buy is some kind of CLOTHING. Food and groceries is second, followed by household items . . . shoes . . . technology . . . books . . . take-out . . . toys . . . coffee . . . and "spa services."
That might be a sign that people are getting out more . . . because instead of clothing, food and groceries was #1 in each of the past two years.
And this is surprising: 73% of people say that MOST of their purchases tend to be spontaneous, which is up from 59% last year.