They say you can’t buy happiness. That’s true, but researchers from San Francisco State University would like to qualify that adage just a bit.
According to a study released earlier this year, money spent on experiences brings greater happiness than money spent on possessions. “Purchased experiences provide memory capital,” one of the researchers said in a statement. “We don’t tend to get bored of happy memories like we do with a material object.”
Of course, money isn’t necessarily required to have a memorable experience. (But given the current economic climate, it’s good to know to help you prioritize your expenses.) As financial adviser Suze Orman likes to say, “People first, then money, then things,” and it’s the people in your life that help make your experiences memorable.
Why do we bring this up? Because it’s Healthy Aging Month, to which we’ve dedicated this month’s issue of our GO newsletter. Our lead article is titled “7 Steps for a Longer Life,” and one of those seven is happiness, which, it has been calculated, can add up to 10 years to your lifespan.
So in the name of better health and a longer life, here’s wishing you an experience-filled day!