SciCombinator

Discover the most talked about and latest scientific content & concepts.

Buying time promotes happiness

OPEN Proceedings of the National Academy of Sciences of the United States of America | 26 Jul 2017

AV Whillans, EW Dunn, P Smeets, R Bekkers and MI Norton
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.
Tweets*
1010
Facebook likes*
19
Reddit*
5
News coverage*
134
Blogs*
18
SC clicks
0
Concepts
NATO, European Union, Economics, Albert Einstein, Canada, Experiment, Time, United States
MeSH headings
-
comments powered by Disqus

* Data courtesy of Altmetric.com