OVERSPEND definition in American English | Collins English Dictionary
OVERSPEND definition in American English | Collins English Dictionary
Feb 13, 2020
collinsdictionary.com
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Why People Overspend on Luxury 3 Psychological Triggers 1. Emotional compensation: Research shows people often use luxury spending to regulate negative emotions like sadness, insecurity, or stress. This emotional retail therapy temporarily boosts self-esteem but leads to long-term financial strain. (Rick et al., 2008) 2. Social signaling: Studies confirm that consumers overspend on luxury to project status and gain social approval, driven by the desire to be seen as successful or important. (Han
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