For the longest time, common wisdom held that, when it comes to happiness, things trump experiences. The logic was that if you pay for an experience, like a night out, it will be over and done with quickly. All you’ll have left is a fleeting memory that speedily evaporates into the ether. But if you buy a tangible thing, it’ll be around for a long time and can offer repeated opportunities for usage and happiness.
Yet, research makes clear that experiences make people happier than do possessions. Sure, owning a new gadget may be satisfying or even thrilling for a short while. But the thrill always fades as we become used to the (not so) new, shiny item and it fades into the backdrop. Soon, we find ourselves back in the same mental “place,” seeking our next purchase or gift to experience a new rush.Read More