Transcript for Why so many have turned to shopping amid the pandemic
We're going to turn to shopping habits during covid. An arm in "Usa today" highlights how many have found themselves overspending. Rebecca Jarvis joins us with a look at the psychology driving all this buying. Good morning, Rebecca. Reporter: Good morning to you, Cecilia. Yeah, that's right. There is a reason it's called retail therapy. With so many stuck at home targeted advertising sent straight to our phones, the pandemic has pushed many to shop. I have my own mall. Bag, blouses and boots, oh, my. Do not open that closet. Reporter: For many in this pandemic online shop something a consumer convenience, but for some it's become a borderline addiction. If you're mindlessly filling up your cart you're not alone. I need your honest opinion. You can't afford them? People have access to their computers, their phone, they're sitting on their sofa, most of them are bored. There is a lot of pent-up demand. Reporter: According to recent data e-commerce is expected to bring in $6.4 trillion by 2024. The U.S. Postal service reporting package volume growing by nearly 1.2 billion pieces. Much of this fueled by pandemic but experts say there are ways for consumers to spend less and shop smarter. Tip one, avoid clicking ads and using quick digital wallet services. Tip two, ask yourself if you really need it. I think I'm set for jeans. No, you're not set for jeans. Reporter: Tip three, set a budget. How did you pay for all this? This is actually the most important thing you can do because if you are setting the guardrails up and making sure that you are staying within it, you could prevent yourself from really doing damage. Reporter: You can also unsave all your credit cards from your online profiles and unsubscribe from all of those e-mails that tell you about the latest deal. Those are the things that get you shopping even when not thinking about it, Michael. So funny, we said number two, do you really need it? Cecilia went, kind of. She knows where I'm coming from on this.
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