Sunday, August 15, 2010

More stuff, happier?

Have we ever thought of buying less stuff, and being choosier about purchases? and what do you think makes you happy?

One major finding is that spending money for an experience — concert tickets, French lessons, sushi-rolling classes, a hotel room in Monaco — produces longer-lasting satisfaction than spending money on plain old stuff.

 Another interesting argument is, “If Money Doesn’t Make You Happy Then You Probably Aren’t Spending It Right.” (The Journal of Consumer Psychology plans to publish it in a coming issue.)

Thomas DeLeire, an associate professor of public affairs, population, health and economics at the University of Wisconsin in Madison, discovered that the only category to be positively related to happiness was leisure: vacations, entertainment, sports and equipment like golf clubs and fishing poles.

Share with us what you think about money and happiness.
Do you tend to want, and spend money on, “stuff” or experiences? What do you notice about material objects and your own happiness?
How do you think you would feel if, like the couple profiled in the article, you gave away some or even most of your stuff?


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