Are you happier when spending money on experiences or material things?


The lingering memories of an experience, like having a good meal with friends, might be why spending money on experiences makes us happier than buying material things. — AFP

New US research has found that spending your money on experiences could make you happier than buying a material possession, no matter how much money you spend.

Led by researchers from the McCombs School of Business at The University of Texas at Austin, along with researchers from the University of Pennsylvania and Cornell University, the new study looked at 2,635 adults and randomly assigned them to a “material” or “experiential” group.

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Mental health , happiness

   

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