STUDY FINDS THAT MONEY CAN INDEED BUY HAPPINESS

Jul 24, 2017

By Michael Kramer

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Researchers from the University of British Columbia and Harvard Business School have found that people who spend money to get out of doing onerous tasks – are happier than people who buy material things.

Senior author Elizabeth Dunn is a psychology professor at the University of B-C.  She says people don’t often invest in time-savers and the rates at which people are investing in this type of expenditure – are surprisingly low.

Dunn says a survey of 850 millionaires in the Netherlands found that  only half of them spend their money to out-source time-consuming chores.

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