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Category Archives: Research Findings
Train Your Brain to Spend Smarter: A Chat With BeyondThePurchase.org
A few months ago Linda Lombardi, a writer for the website Learnvest, asked us if she could conduct a Q & A to learn how our research helps people spend and save their money in ways that result in the most happiness. While … Continue reading
Is the United States materialistic? The geography of consumption.
The belief that material possessions improve individuals’ personal and social well-being permeates America. However, contrary to this belief, multiple studies show that materialists, compared to non-materialists, have lower social and personal well-being. Compulsive and impulsive spending, increased debt, decreased savings, … Continue reading
Many people do not have $1,000 saved for an emergency.
A few years ago I read a story in CNN Money (Most Americans can’t afford a $1,000 emergency expense) that reported over 60% of Americans did not have enough money in their savings or checking accounts to pay for a … Continue reading
Can Money Buy Happiness? Yes (when spent correctly).
Every day more and more people are trying to understand the relationship between money and happiness. Although everyone desires to be happy, the pathways people choose are varied (and not always successful). People frequently believe that making more money will increase their happiness. … Continue reading
Posted in Research Findings
Tagged american dream, consumer choices, consumer research, expenditures, materialism, psychological need, relationship between income and happiness, self determination theory, seligman, spending habits, supportive relationships, theories of motivation, united states economy
2 Comments
The Billionaire’s Brain: Do You Have One?
This week I am posting a guest blog by Dr. Daniel Crosby. I’m convinced that one secret of Warren Buffett’s enduring popularity is his “everyman-ness.” While “The Oracle” is insanely wealthy, he is also grounded and approachable which makes replicating … Continue reading
Are You a Happy Shopper? Research Website Helps You Find out
Psychologists have found that buying life experiences makes people happier than buying possessions, but who spends more of their spare cash on experiences? We now know that extraverts and people who are open to new experiences tend to spend more of … Continue reading
Posted in Research Findings
Tagged disposable income, excitement, experience shopper, experiential purchases, extravert, feelings of happiness, happiness, life experiences, life satisfaction, material things, openness, personality profile, personality traits, shopping habits, tony hsieh, zappos
3 Comments
What Is the Best Way to Spend $100?
As you probably know if you if have read this blog, many recent studies focused on the relationship between money and happiness have shown that individuals who purchase life experiences are generally happier than individuals who purchase material items. However, not … Continue reading
Posted in Research Findings
Tagged crowdsourcing, golfing, hunting, life experiences, money and happiness, museums, opera, relationship, survey results
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Money and Happiness: The Costs and Benefits of Living for Now
Psychologists describe people who focus attention on the activities and events happening in the present as having a present hedonistic time perspective. We were interested in identifying the costs and benefits of “living for now.” In this study we measured people’s … Continue reading
Posted in Happiness, Money Management, Research Findings
Tagged benefit, challenges, compassion, desires, detrimental effects, emotion, emotions, experiences, love, money management skills, nbsp, novelties, personality factors, perspective report, perspectives, psychologists, savings management, tendency, time orientation, time perspective
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Money and Happiness: Materialists Not Happier When Purchasing Life Experiences
Every day more and more people are trying to understand the relationship between money and happiness. Numerous studies have shown that spending money on life experiences, compared to material possessions, improves psychological well-being. However, not everyone feels happier when purchasing life experiences. Psychologists … Continue reading
Posted in Happiness, Money Management, Research Findings
Tagged adults, colleagues, extrinsic goals, happiness quiz, jia wei, material possessions, money and happiness, motivation, motivations, nbsp, people, personal satisfaction, possession, psychological consequences, psychologists, quiz results, relationship, spending money, wei zhang
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