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NEW! Read about Progressive Insurance Home Proposal New Packages |
News: Money and happiness: What can make you more happy, buying experiences or possessions? People since the beginning of time seek to improve their levels of happiness and satisfaction with life. In modern times people are wealthier than previous generations. They are consuming and experiencing more. However the question whether people are today more happy than in the past is still unanswered. Read more |
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Buying life experiences rather than material possessions leads to greater happiness for both the consumer and those around them. |
February 2009
Dear
friends,
Do you think that money can buy you happiness? Well this is a very interesting question especially now in times of global financial crisis and layoffs.
The issue has been extensively studied by numerous researchers and philosophers alike. What conventional wisdom tells us is that money is not enough to make you happy and poverty is not a good factor that works in favor of happiness.
Money cleverly spent can be a rewarding experience. The duration of this rewarding experience depends on what you bought with your precious money. Was it a material possession or an experience?
When money is scarce, finding the best possible way to use it becomes a critical issue. For our overall health and well being we need to make pleasure not only to our selves but as well to the people we love, especially our family.
Well it seems that purchasing experiences such as going out for a meal, theater tickets, concerts and vacations may provide greater and longer duration satisfactions than material purchases such as fancy cars, bigger houses and gadgets or trinkets.
However purchased experiences that turn out to be a failure may have more devastating and durable negative effects than disappointing material purchases.
The issues of money, happiness, purchases and poverty are interesting and you will find more about these issues in the article Money and happiness: What can make you more happy, buying experiences or possessions? that you will find attached with our 73rd Progressive Newsletter.
We hope that this new research information will help you make your life happier. And do not forget that with simple measures you can have an excellent wellbeing and health even in difficult times of financial crisis.
Takis A. Haggiandreou
Director
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Given a good probability of a positive experience, research is suggesting that money is well spent on vacations, concerts, amusement parks, and restaurants over comparably priced objects and trinkets. |
Our Quote:
"Watch your manner of
speech if you wish to develop a peaceful state of mind. Start each day by
affirming peaceful, contented and happy attitudes and your days will tend to
be pleasant and successful."
Norman Vincent Peale