Need A Happiness Boost? Spend Your Money To Buy Time


Money can’t buy happiness, right? Well, some researchers beg to differ. They say it depends on how you spend it.

A recent study published in the Proceedings of the National Academy of Sciences suggests that when people spend money on time-saving services such as a house cleaner, lawn care or grocery delivery, it can make them feel a little happier. By comparison, money spent on material purchases — aka things — does not boost positive emotions the way we might expect.

Think of it as a way to buy back what has become for many Americans a scarce resource: free time.

Yet, in a culture where many people are quick to buy the latest model phone, a big-screen TV or a fancy pair of shoes, those same people are often resistant to spending money on time-saving services. To read more from ALLISON AUBREY, click here.

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