Harvard Psychologist Explains Why Buying Experiences Makes People Happier Than Buying Things

We make two kinds of purchases.

We buy things: clothes, cars, and home goods.

We buy experiences: meals, vacations, and movies.

Research shows that experiences are the much better buy — if you’re looking to maximize the happiness for your dollars.

In one study of over a thousand Americans, people were asked to think about a material and experiential purchase they made with the hope of increasing their happiness.

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