Money Can Buy Happiness - A New Study Reveals

Money Can Buy Happiness - A New Study Reveals

Would you rather have an hour or a brand new shirt? Having the ability to cross off the time-sucking things on your list without making that trip to the cleaners or the drugstore yourself does sound more satisfying than, say, buying a lamp?

If being sooo busy is the new status symbol, then outsourcing the tasks that you simply don’t have time for, from waiting online for “Hamilton” tickets to picking up your child from daycare, is the brand new leisure time. In the study, announced in the Proceedings of the National Academy of Sciences, researchers polled over 6,000 people in 4 countries.

In the USA, Canada, Netherlands and the Denmark, people across income brackets reported they felt happier when they spent money to “buy time,” instead of things.

The researchers conducted an experiment, where they gave 60 people an extra $40 for two weeks. In the first week, they had been advised to get something for themselves, and in the week, to pay for a service. Participants said they felt happier in their decision. Would folks feel the same way, if the amount of spending cash were higher, say, a few hundred dollars?

You’d have money to buy yourself things and have your errands run. But if you are strapped for cash and need to choose, go over purchasing a new candle with falling your laundry off.

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