People experience greater long-term happiness spending money on experiences rather than physical objects
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.
The retrieved literature directly addresses the comparison between experiential and material purchases regarding happiness. Papers 1 and 4 support the claim that experiences generally yield greater happiness, while papers 3 and 5 discuss mechanisms and boundary conditions without refuting the core finding.
Galia Fuchs, Po-Ju Chen, Abraham Pizam. Are Travel Purchases More Satisfactory Than Nontravel Experiential Purchases and Material Purchases? An Exploratory Study. 2015. https://doi.org/10.3727/108354215x14411980111334
This study found that experiential purchases, particularly travel, provided greater satisfaction and happiness compared to material purchases.
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Σοφία Κούση. The contribution of experiential and material purchases to happiness. https://doi.org/10.12681/eadd/43224
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.
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