San Francisco State University psychologists have found that buying life experiences makes people happier than buying possessions. What does that mean “buying life experiences”? It means buying concert tickets or a weekend away, rather than hitting the mall for material items.
“We know that being an ‘experience shopper’ is linked to greater well being,” said Howell, whose 2009 paper on purchasing experiences challenged the adage that money can’t buy happiness. He suggests it could be easier to change your spending habits than your personality traits. “Even for people who naturally find themselves drawn to material purchases, our results suggest that getting more of a balance between traditional purchases and those that provide you with an experience could lead to greater life satisfaction and well being.”
What do you think about this idea?