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Share of Seoul citizens who engaged in revenge spending in South Korea from 2020 to the 1st quarter of 2021, by quarter

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Source

Release date

April 2021

Region

South Korea

Survey time period

2020 to Q1 2021*

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.

While a total of 1,200 households in Seoul were surveyed about their revenge spending behavior, the source did not provide figures on the actual number of respondents who said they had turned to revenge spending.

Citation formats

Seoul citizens' revenge spending behavior 2020-Q1 2021, by quarter

Published by Zeynep Dierks, Apr 21, 2021
According to a survey conducted in 2021, more than ** percent of Seoul citizens who reported to have been engaged in revenge spending said they did so in the 4th quarter of 2020. While around ** percent of Seoul citizens surveyed reported spending more than usual during the survey period, many of them spent their money on food and beverages to make up for purchases they could not make during the COVID-19 pandemic.
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