Buying time promotes happiness

Ashley Whillans, Elizabeth Dunn, Paul M. Smeets, R.H.F.P. Bekkers, M.I. Norton

Research output: Contribution to JournalArticleAcademicpeer-review

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.
Original languageEnglish
Pages (from-to)8523-8527
Number of pages5
JournalProceedings of the National Academy of Sciences of the United States of America
Volume114
Issue number32
DOIs
Publication statusPublished - 8 Aug 2017

Fingerprint Dive into the research topics of 'Buying time promotes happiness'. Together they form a unique fingerprint.

Cite this