Wednesday 5 August 2015

STUDIES SHOW THAT PEOPLE WHO BUY EXPERIENCES AND NOT THINGS ARE HAPPIER!

STUDIES SHOW THAT PEOPLE WHO BUY EXPERIENCES AND NOT THINGS ARE HAPPIER!


By lifehack.org - Nicholas Garcia

Let’s say that you recently came into a bit of money. What would you do with it? Would you rather buy a bunch of high quality gadgets and products, or go on an expensive vacation to a unique and exciting locale?
Personally, I’ve wavered between the two. I like my gadgets more than most, so I’ve probably spent more on electronics than your average person. That said, I’ve been on trips taking me all across the United States, and I definitely think I am better off for it.
Luckily, the question of whether to spend your money on products or experiences has been answered by science, and thus you’ll no longer have to worry about whether you should choose one over the other in the future. So what is the verdict? According to San Francisco State University, people are far more satisfied when they purchase experiences, than they are when they buy material objects.
And yet, most people, including myself, are prone to spending our hard earned money on things like clothes, shoes, gadgets, jewelry, cars, and the like. We do this because these things are tangible: we can hold them, use them, etc. When we buy experiences, all we have are the memories, and thus, it seems like we’re getting less out of our purchase.


What that study reveals, however, is that in the long run, we cherish our memories and experiences far more than the things that we buy. And it makes sense. Decades from now, will you remember your cross country trip that took you to the Grand Canyon, or that Xbox you waited in line for all night? Probably the former.
Let’s break it down into simpler points. Why exactly are people who buy experiences, rather than objects, happier?




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