BTL 780 - Panic Buying & Manic Buying

 

The Banking Tutor’s Lessons

BTL 780                                                                          03-05-2025

Panic Buying & Manic Buying

While both "panic buying" and "manic buying" involve excessive purchasing, panic buying stems from fear of scarcity or disruption, while manic buying is linked to the heightened state of mania or hypomania, often characterized by impulsivity and a lack of self-control.

Panic buying, also known as stockpiling, is characterized by the purchase of unusually large quantities of goods, typically in anticipation of or during a natural or man-made disaster, or a perceived shortage.

The primary motivation is a fear of unavailability or shortage of essential items, such as food, hygiene products, or other necessities.

This behaviour has been observed during events like disease outbreaks, typhoons, and other crises, as well as during periods of economic uncertainty.

Panic buying can lead to shortages in stores, drive up prices, and disrupt supply chains.

Manic buying is a symptom of a manic episode, a period of abnormally elevated, expansive, or irritable mood and increased activity or energy.

During a manic episode, individuals may experience a heightened sense of euphoria, impulsivity, and a decreased need for sleep, which can lead to excessive spending and shopping.

Manic buying can involve spending large sums of money on items that are not needed or wanted, or engaging in impulsive purchasing behaviours.

Manic buying can lead to financial problems, debt, and relationship difficulties.

Manic buying is a symptom of bipolar disorder and other mental health conditions.

Sekhar Pariti

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