Story perspectives
Surge in Ultra-Wealthy Sparks Shopping Addiction Crisis
5/6/2025
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Story summary
- The number of ultra-wealthy individuals surged from 800 in 2009 to 2,800 last year, driven by "opulomania."
- Paracelsus Recovery specializes in treating young billionaires who use lavish spending to cope with emotional distress.
- Compulsive shopping resembles substance abuse, impacting approximately 5% of adults.
- Experts advocate for therapy and behavior modification as effective solutions for shopping addiction.
