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Study: Better to spend on experiences

February 10, 2009 11:09:52 AM PST
A new study says to spend money on experiences instead of material possessions. Researchers asked people to rate a recent purchase intended to make them happy. They found that people were more satisfied with life experiences, such as a trip to the beach or a meal.

They say the reason may be that life experiences often bring someone closer to another person and satisfy a natural human need to be connected to others.

Experiences also provide "memory capital" that can be drawn on in less happy times.


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