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Woman blew more than £50k inheritance on designer clothes after mum and grandmother died

Woman blew more than £50k inheritance on designer clothes after mum and grandmother died

Samantha admitted to spending her entire inheritance on designer gear

A shopaholic has revealed that she blew her £50,000 inheritance just 18 months after her mum died.

Samantha opened up about her addiction and how it left her spending every penny she had on designer clothes.

Speaking with Sideman in Untold: Addicted to Drip, she estimated she'd forked out between £50,000 and £100,000 after her mother, grandmother, and great-aunt passed away.

The new Channel 4 documentary delves into the misery being wrought on young people who are finding themselves in massive amounts of debt as they chase expensive items.

Samantha spent her inheritance on designer gear.
Channel 4

During one segment in a high-end store, Samantha, whose mum was also a shopaholic, admitted that she once spent over £5,000 on a Chanel handbag.

"Obviously the gene passed down," she joked.

"My mother got ill so she decided to spoil my sibling and I.

"So it was like, 'We're gonna fly to the Maldives business class, we're gonna stay there for three weeks and I'm gonna be taken out of school for a week'."

Though she didn't reveal exactly how much she blew, Samantha admitted that it was her entire inheritance.

And when asked what she purchased during her spree, she said: "I definitely bought some shoes and some bags... a couple of bits."

Things got so bad that Samantha said she couldn't even afford a train ticket despite having thousands of pounds worth of stuff in her flat.

Samantha said once of her most expensive purchases was a Chanel handbag.
Alberto Grosescu/Alamy

Looking back at that time, she admitted that she had definitely lost all control.

"I think I was just so mentally distraught and depressed and anxious that, like, I just didn't care," she opened up.

"So I was like, 'Whatever, future me will figure it out'."

She added: "I knew my grandmother and my great aunt would be so disappointed in me. I was probably trying to fill some void."

Elsewhere in the doc, Sideman revealed that almost two-thirds of 16-34-year-olds have bought designer clothes at some point.

And 58 percent of the same age group admitted to feeling stressed or anxious about their finances.

Stacey Lowman, of Claro Wellbeing, said 30 percent of people surveyed said they had missed a credit card or buy now, pay later repayment.

She said: "Almost half of young people are in debt. Alongside that, around a third have less than £100 in savings, and one in seven have no savings at all."

Featured Image Credit: Channel 4

Topics: UK News, Money