Why You Should Spend Your Money On Experiences, Not Things — According to Science

Banking, Financial Services, Money , Culture, Philosophy, and Humanity , Gerd's Reads , Updates

“One of the enemies of happiness is adaptation,” says Dr. Thomas Gilovich, a psychology professor at Cornell University who has been studying the question of money and happiness for over two decades. “We buy things to make us happy, as we succeed. But only for a while. New things are exciting to us at first, but then we adapt to them.”

So, the article goes on to claim, buying vacation experiences or classes to learn new skills will make us happier than buying products. One interesting point noted here is that it’s less likely that we’ll compare our experiences with those of others, like we constantly do with things. Usually when we think we have “less” than the other. His car is shinier, her ring is bigger, etc. This makes us feel negative, inferior, and other miserable feelings. Experiences are different for everyone, though, and have more to do with what we truly like to do, rather than what we think we need to have to fit in.

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Gerd Leonhard

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