(FeaturedNews.com) – The old saying that money can’t buy happiness may no longer ring true. A new study shows that people may get more joy through money if they spend it on items that effectively buy them more time to do what they love.
A study published in the Proceedings of the National Academy of Sciences of the United States of America (PNAS) revealed that people who spend on time-saving services are typically happier than those who make different types of purchases.
Essentially, the research showed money can buy happiness.
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Time-saving services include housekeeping, lawn care, and delivery. These are all tasks people have to do but don’t necessarily want to do. Paying someone else to handle them frees consumers up to spend time enjoying themselves.
The study showed that material item purchases simply don’t grant the same happiness boost as those who spend their money on services that give them more free time. The catch is that people are more likely to buy goods than spend their money on time-saving services. Still, the benefits are notable and impact people at all income levels.
The good news is that buying time is easier now than ever before. The availability of efficiency services means almost everyone can alter their spending habits to gain more joy in life.
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