Buying Time Can Make You Happier Than Buying Things
Research shows that sacrificing money for free time promotes a sense of well-being.
By David Levine, Contributor Aug. 3, 2018, at 1:11 p.m.
"There is consistent evidence, at least in a European and North American context, that people who prioritize more free time, even at the expense of less money, report more joy in life."(iStockPhoto)
We've all been told countless times that money can't buy happiness. But that's not entirely true. There is one commodity on the market that can promote a deep sense of well-being. That commodity is time.
Ashley V. Whillans, an assistant professor of business administration at Harvard Business School, has done a lot of research into what social scientists call "time famine." As the lead author in a study published in the Proceedings of the National Academy of Sciences of the United States of America in 2017, Whillans wrote that "people around the world are feeling increasingly pressed for time, undermining well-being." Despite rising incomes across many parts of the globe, she writes, "increases in wealth have produced an unintended consequence: a rising sense of time scarcity."
https://health.usnews.com/health-care/patient-advice/articles/2018-08-03/buying-time-can-make-you-happier-than-buying-things
