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Money Can Buy Happiness, According to Experts

Retail therapy is real!
Money Can Buy Happiness, According to Experts Retail therapy is real!

Apparently, money can buy happiness. At least, that's what it says in a study published in the journal Social Psychological and Personality Science.

An article posted by Complex further explains that people are happier when they spend their money on material things as compared to experiential purchases, such as exploring the world or watching concerts. The survey was conducted by Aaron Weidman and Elizabeth Dunn from the British Columbia Universtity, who looked into the long-term emotions of a person right after a shopping spree.

Participants were instructed to jot down their feelings on a daily journal after their purchases. Their spending spree ranged from sweaters to portable speakers. Results showed that these material items provided more bouts of happiness in weeks to the participants. Experiential purchases, like going to spas or on a weekend getaway, put them in a state of joy only for a shorter period.

In a press release, Weidman explained,  "Consider a holiday shopper deciding between tickets to a concert or a new couch in the living room. The concert will provide an intense thrill for one spectacular night, but then it will end, and will no longer provide momentary happiness, aside from being a happy memory. In contrast, the new couch will never provide a thrilling moment to match the concert, but will keep the owner snug and comfortable each day throughout the winter months."

Question is, do you agree? 

*This story originally appeared on FemaleNetwork.comMinor edits have been made by the editors.

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