Money can buy happiness if you spend it the right way. Lou explains how millennial spending habits align with what social science tells us about wellbeing, and why spending money on experiences is way better than buying a material good.
SOURCES & FURTHER READING
We’ll Always Have Paris: The Hedonic Payoff from Experiential and Material Investments
https://static1.squarespace.com/stati...
To Do or to Have? That is the Question
http://psych.colorado.edu/~vanboven/r...
Kumar on the relationship between experiences and happiness
https://www.sciencedirect.com/science...
Materialism, experiential purchases, and social comparison
https://www.psychologytoday.com/files...
McKinsey report: Cashing in on the US experience economy
https://www.mckinsey.com/industries/p...
CREDITS
Writer: Louis Foglia
Editor: Page Ellerson
Researcher: Dushyant Naresh
Supervising Producer: Allison Brown
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