Money Can't Buy Happiness—Unless It's Paying for a Housekeeper, That Is

iStock
iStock

Though a few extra dollars in your pocket never feels like a bad thing, research has found that at a certain point, a bigger salary won't improve your quality of life. (Mo money, mo problems, as the wise Biggie once said.) But new research illuminates one specific way that money can buy you happiness. You just need to use it to buy yourself time, according to a new study in PNAS covered by The Washington Post.

Previously, studies have found that spending can make us happy in specific instances. Retail therapy is real, though most mall trips don't qualify. A 2016 study found that people who buy things they consider in line with their personalities were happier. Other researchers suggested that spending money on experiences makes people happier than buying new stuff.

This study, led by researchers at Harvard Business School, examined around 6270 people in the U.S., Canada, Denmark, and the Netherlands. By surveying people about their purchases, income, satisfaction with life, and the stresses they felt due to time pressure, they discovered that people who spent money to buy themselves more free time had greater life satisfaction, and that this spending reduced the normal negative effect of time stress. Happiness comes in the form of paying other people to do boring daily chores like cleaning, cooking, and grocery shopping.

This wasn't just true for the wealthy, as The Washington Post notes: "Across a range of incomes, careers, and countries, timesaving purchases were correlated with less time-related stress and more positive feelings."

To confirm that this spending directly led to the uptick in happiness rather than emerged as a side effect of some other factor, the researchers gave 60 working adults in Vancouver two payments of $40 over the course of two weekends. On one weekend, the participants were told to spend the money on something that saved them time. On the other weekend, they were told to spend the $40 on material goods. In post-purchase phone calls, these participants reported greater happiness on the day when they made the time-saving purchase compared to when they made a material purchase.

However, being able to buy a little extra time didn't have an effect on whether people felt stressed out by having too little time. This may be because people who already felt large demands on their time were the most likely to spend money to save themselves just a bit more time in their daily tasks. A CEO might still be stressed out over lack of time, even if she has a personal chef and a housekeeper. Or it could be that humans are just never satisfied.

In any event, it seems that experiences really do buy happiness. That is, the experience of letting someone else do your chores. Want to practice #selfcare? Treat yourself to grocery delivery or a house-cleaning service. I'll be the first to admit that $300 vacuum robot purchase has brought me more happiness than any vacation I've ever been on.

[h/t The Washington Post]

Celebrate the Holidays With the 2020 Harry Potter Funko Pop Advent Calendar

Funko
Funko

Though the main book series and movie franchise are long over, the Wizarding World of Harry Potter remains in the spotlight as one of the most popular properties in pop-culture. The folks at Funko definitely know this, and every year the company releases a new Advent calendar based on the popular series so fans can count down to the holidays with their favorite characters.

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Right now, you can pre-order the 2020 edition of Funko's popular Harry Potter Advent calendar, and if you do it through Amazon, you'll even get it on sale for 33 percent off, bringing the price down from $60 to just $40.

Funko Pop!/Amazon

Over the course of the holiday season, the Advent calendar allows you to count down the days until Christmas, starting on December 1, by opening one of the tiny, numbered doors on the appropriate day. Each door is filled with a surprise Pocket Pop! figurine—but outside of the trio of Harry, Hermione, and Ron, the company isn't revealing who you'll be getting just yet.

Calendars will start shipping on October 15, but if you want a head start, go to Amazon to pre-order yours at a discount.

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These Are America's 20 Happiest States

Natalya Zaritskaya, Unsplash
Natalya Zaritskaya, Unsplash

Personal happiness is subjective, but there are many factors that contribute to someone's well-being. Income, sleep habits, and work-life balance are a few examples. By gauging how these factors affect people across the country, WalletHub was able to put together a map ranking the happiest states in the U.S. in 2020.

To compile the list below, the personal finance website determined how all 50 states performed in three categories: emotional and physical well-being, work environment, and community and environment. These three labels cover more than 30 specific criteria, including divorce rates, unemployment rates, adequate sleep levels, and average work hours.

Hawaii tops the list, earning a total score of 69.58 out of a possible 100. It ranks second in emotional and physical well-being and third in community and environment. Just behind The Aloha State is Utah, which beats out all other states when it comes to work environment. Minnesota, New Jersey, and Maryland round out the top five. You can read the full list of America's 20 happiest states below.

Judging happiness levels by state is just one way to view the country's mental health. For an even more localized snapshot of happiness across the U.S., check out the country's happiest cities.

  1. Hawaii
  2. Utah
  3. Minnesota
  4. New Jersey
  5. Maryland
  6. California
  7. North Dakota
  8. Iowa
  9. Idaho
  10. Connecticut
  11. Nebraska
  12. South Dakota
  13. Massachusetts
  14. Virginia
  15. Washington
  16. Vermont
  17. New York
  18. Wisconsin
  19. Nevada
  20. Arizona