C&B Notes

Spending Wisely (Psychologically Speaking) to Maximize Happiness

A new survey entitled ‘If Money Doesn’t Make You Happy Then You Probably Aren’t Spending It Right’ explores this inconsistency:

“Wealthy people don’t just have better toys; they have better nutrition and better medical care, more free time and  more meaningful labor —  more of just about every ingredient in the recipe for a happy life.  And yet, they aren’t that much happier than those who have less.  If money can buy happiness, then why doesn’t it?”

Some of the vignettes covered include:

  • Savor small things
  • The tyranny of small differences
  • Prosocial spending
  • Buy more experiences and less stuff
  • Buy smart by thinking concrete

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