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Share of revenge spending among Seoul citizens in South Korea from 2020 to the 1st quarter of 2021, by type of item

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Source

Release date

April 2021

Region

South Korea

Survey time period

2020 to Q1 2021*

Number of respondents

291 respondents

Supplementary notes

*The 1st quarter of 2021 here refers to the period from January to February 2021.

Revenge spending refers to the desire to spend excessively at once after these persons have had limited opportunities to consume due to illness or disaster.

Citation formats

Seoul citizens' revenge spending behavior South Korea 2020-Q1 2021, by item

Published by Zeynep Dierks, Apr 21, 2021
According to a survey conducted in 2021, ** percent of Seoul citizens who reported to have been engaged in revenge spending, spent their money on food items to make up for purchases they could not make during the COVID-19 pandemic. This was followed by the items of electronic devices and luxury goods with about ** and ** percent, respectively. According to this survey, around ** percent of citizens in Seoul responded that they experienced revenge spending during the pandemic, especially in the 4th quarter of 2020.
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