dhays
Guru
- Joined
- May 26, 2015
- Messages
- 9,562
- Location
- Gig Harbor, WA
- Vessel Name
- Kinship
- Vessel Make
- 2010 North Pacific 43
Interesting study out of the University of British Columbia.
Buying time promotes happiness
Looks like many of us might be happier with a smaller boat that we can pay someone to wash and wax, than a larger boat that takes up more of our time to maintain.
Buying time promotes happiness
Looks like many of us might be happier with a smaller boat that we can pay someone to wash and wax, than a larger boat that takes up more of our time to maintain.
Abstract
Around the world, increases in wealth have produced an unintended consequence: a rising sense of time scarcity. We provide evidence that using money to buy time can provide a buffer against this time famine, thereby promoting happiness. Using large, diverse samples from the United States, Canada, Denmark, and The Netherlands (n = 6,271), we show that individuals who spend money on time-saving services report greater life satisfaction. A field experiment provides causal evidence that working adults report greater happiness after spending money on a time-saving purchase than on a material purchase. Together, these results suggest that using money to buy time can protect people from the detrimental effects of time pressure on life satisfaction.