People experience greater long-term happiness spending money on experiences rather than physical objects
the verdict
SUPPORTED
the evidence backs this
confidence 81/100
Evidence generally supports the notion that experiential purchases provide greater satisfaction and happiness than material objects, though contextual factors and consumption characteristics can moderate these effects.
Evidence for · 2
Are Travel Purchases More Satisfactory Than Nontravel Experiential Purchases and Material Purchases? An Exploratory Study
2015 · cited by 8
This study found that experiential purchases, particularly travel, provided greater satisfaction and happiness compared to material purchases.
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More for · 1
The contribution of experiential and material purchases to happiness
cited by 0
This research acknowledges the experiential recommendation that experiential purchases contribute more to happiness than material goods, while exploring the specific characteristics that mediate this effect.