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Big Spenders: Impulse Purchases Top $100

January 26, 2016 1:10 am

Ever made an impulse buy? You’re not alone. According to a recent CreditCards.com report, nearly 85 percent of Americans have made impulse purchases, with over half  spending $100 or more on unplanned buys. Some have even spent upwards of $1,000!

Impulse purchases generally benefit the person doing the spending. Nearly half of Americans cited in the report have made an impulse purchase for themselves, over 20 percent have made an impulse purchase for a child, and approximately 15 percent have made an impulse purchase for a spouse or significant other.

Seniors are best at exercising restraint. In fact, one in five seniors in the report say they have never made an impulse purchase—more than any other age group.

Interestingly, most impulse purchases occur in-store, not online. Just 6 percent of Americans included in the report made a spontaneous buy via smartphone or tablet.

Source: CreditCards.com

Published with permission from RISMedia.