FOR IMMEDIATE RELEASE
Mental Health Charity launches free
tool to curb online shopping as half
of us admit we make purchases we
regret, which most never send back
New research from the Money and Mental Health Policy Institute has revealed our difficult relationship with online sales, as thousands of people make purchases they regret, feel unable to navigate returns processes and end up in financial difficulty. This issue is even worse for people with mental health problems.
The charity, founded by Money Saving Expert Martin Lewis, found that nearly two thirds (63%) of people who had made purchases they later regretted did so because of sales, and nearly one in ten (9%) said that they always or often regretted purchases made online. As services like Amazon Prime Air and PayPal Credit speed up shopping and delay payment, the pace and scale of this potential harm is set to increase.
This is a particular issue for those who are already living with mental health problems. Around half of this group said they make purchases they regret when they are alone (48%) or feeling low (52%) and nearly a third say they do it when shopping in the night (31%). These figures are all nearly double those for people without mental health problems (24%, 22% and 16% respectively).
The Money and Mental Health Policy Institute has revealed that we are also struggling to return goods we regret buying, with three quarters (75%) of people saying they did not return their last regretted online purchase. Nearly half (45%) of this group said that this was because postage was too expensive and nearly a third (31%) just wanted to pretend it hadn’t happened or said that it was too difficult to get somewhere to post it (30%). For people with mental health problems these figures are even higher, with around four in ten either wanting to pretend the purchase never happened (40%) or struggling to get somewhere to post it (39%). More than a quarter of people with mental health problems (28%) didn’t return their last regretted online purchase because they were too ashamed.
Today the Money and Mental Health Policy Institute launches a free experimental online tool to help people to control their spending. The ‘Shopper Stopper’ is a browser plugin that allows shoppers to set the opening hours of online stores, enabling them to block access at times they find purchases particularly hard to resist, such as the middle of the night. The tool, which today will allow users to sign up to join an early beta test, closes online stores and prompts users with a personal message when they try to shop outside their pre-set ‘opening hours’.
Commenting, Money Saving Expert Martin Lewis, Founder and Chair of the Money and Mental Health Policy Institute said:
“Mental health problems can erode people’s self-control and decision-making ability. We want to empower people with tools that put them back in the driving seat. Many people shop to make themselves feel better in periods of depression, to give things to others to feel needed or to fill the time when they’re bored or lonely. But the boost it gives is transitory, while the financial pain it can cause lingers on and on.
“The constant availability of online shops and increasingly sophisticated targeted marketing techniques make resisting spending impulses even more difficult, and increase the pace and scale of financial harm that results. Today we’re launching our own experimental tool to help shoppers counter that. It’s by no means a cure-all, but by allowing people to set the opening hours of online shops, we want to add a little extra friction into the buying process. We need as many people as possible to take part in this test – to see if it works for them and if we should expand it – so please download the tool, have a go and tell us if it works for you.”
Polly Mackenzie, Director of the Money and Mental Health Policy Institute added:
“Increased spending is a symptom of a number of mental health problems, but that doesn’t mean that those living with them should be written off to a life of financial difficulty. This isn’t spending driven by greed, it’s emotionally driven and it’s hard to control with willpower alone.
As well as launching our own experimental tool to help, we’re calling on retailers to allow shoppers greater control over their retail environment. We want to see retailers enabling things like daily spending limits and the ability to opt out of night-time marketing emails, as well as improving returns processes. This will allow their customers to shop when they really want and need to, rather than driven by loneliness, boredom or depression.”
Join the trial by downloading the Shopper Stopper at www.shopperstopper.co.uk
Read the background policy note at www.moneyandmentalhealth.org/retail
Helen Undy, 07827917829, firstname.lastname@example.org for all media enquiries including interviews with spokespeople. CASE STUDIES AVAILABLE.
Notes to Editors
- The Money and Mental Health Policy Institute was set up by Martin Lewis in spring 2016, registered charity number 1166493.
- It conducts research and develops policies for banks, lenders, regulators, the health service and government to help people with mental health problems protect themselves from financial difficulties and get out of debt.
- Martin Lewis OBE, Money Saving Expert, is an award-winning campaigning broadcaster, newspaper columnist and author. He founded MoneySavingExpert.com in 2003 for £100 and remains its full-time Editor-in- Chief. It is now the UK’s biggest money site, with more than 14 million monthly users. Martin has his own prime-time ITV programme – The Martin Lewis Money Show – and is resident expert on This Morning, Good Morning Britain and BBC Radio 5 Live’s Consumer Panel, among others.
- Polly Mackenzie is the Director of the Money and Mental Health Policy Institute. She was previously Director of Policy for the Deputy Prime Minister, working in Number 10 and the Cabinet Office, from 2010-2015.
- Figures in this release are drawn from a representative survey of 2051 people conducted online by Populus on behalf of the Money and Mental Health Policy Institute between 9th and 11th December 2016. Data was weighted to be nationally representative. Populus is a member of the British Polling Council and abides by its rules; for more information www.populus.co.uk.
- The previous research referred to is a survey of 5,413 people with mental health problems, conducted by the Money and Mental Health Policy Institute over five weeks, 4th March – 15th April 2016.
- The Shopper Stopper is a browser plugin, developed by Plexus for the Money and Mental Health Policy Institute using insights from behavioural science. The experimental tool is being launched in for a beta-test and is not currently mobile-compatible. The plugin allows users to:
- Set the opening hours of any online shops
- Write a personal message to themselves to appear when they try to access a shop outside of these opening hours, reminding themselves why they wanted to block the store in the first place
- Choose an alternative activity that is suggested to them on the blocker that appears when trying to access a closed store
- Give a ‘virtual spare set of keys’ to a friend who can unlock closed shops in an emergency
- The Shopper Stopper also contains signposting information for those struggling with their mental health or worrying about finances.