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Science Finds Something Surprising About The Effect Of Material Purchases On Happiness

Science Finds Something Surprising About The Effect Of Material Purchases On Happiness

Can money buy happiness?

It’s an age-old question, one that often doesn’t get a straight or satisfying answer. Some people contend that material purchases are bad and can’t bring us happiness, while others enjoy purchasing material goods and say it actually makes them feel good and more joyful—at least for a while.

These two opposing views have prompted psychologists to investigate the truth about money and its impact on our happiness. The results, at first glance, seem somewhat obvious: People with higher incomes and thus more buying power are, broadly speaking, happier than those who struggle to get by.

But, dig a little deeper into the findings, and they get a lot more interesting and surprising too.

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Material purchases can make you frequently happy

In a recent study from the University of British Columbia, researchers wanted to know how people felt right after purchasing something, like a new sweater or tablet computer. This study was interesting because there have been fewer studies to examine how people actually feel while consuming material purchases as opposed to consuming life experiences like a big vacation overseas.

Over the past decade or so there have been an abundance of mainstream studies that conclude people derive more happiness from buying life experiences than buying material objects. That explains why so many people today maintain that buying material goods can’t make you happy. And yet more people still deny themselves life experiences and prioritize buying material goods. What gives?

Aaron Weidman and Elizabeth Dunn, researchers from the University of British Columbia who led the aforementioned study, found that material purchases provide more frequent happiness over time, whereas experiential purchases provide more intense happiness on individual occasions.

Weidman and Dunn assessed the real-time, momentary happiness people got from material and experiential purchases, up to five times per day for two weeks. Material purchases consisted of items like skateboards, portable speakers and coffee makers, while experiential purchases were things like spa gift cards, a weekend ski trip and tickets to a hockey game.

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After carefully analyzing the data that people provided when they were asked to record their thoughts in the weeks following their purchases, as well as one month after their purchases, the researchers discovered that material and experiential purchases bring happiness in two distinct flavors:

  • Firstly, material purchases bring repeated doses of happiness over time in the weeks after they are bought, whereas experiential purchases offer a more intense but fleeting dose of happiness.
  • Secondly, when people looked back on their purchases 6 weeks after Christmas, they felt more satisfaction about experiential purchases.

The study authors concluded that the decision of whether to buy a material thing or a life experience may boil down to what kind of happiness one desires. “Consider a holiday shopper deciding between tickets to a concert or a new couch in the living room” said Mr. Weidman. “The concert will provide an intense thrill for one spectacular night, but then it will end, and will no longer provide momentary happiness, aside from being a happy memory.”

“In contrast,” Weidman continued, “the new couch will never provide a thrilling moment to match the concert, but will keep the owner snug and comfortable each day throughout the winter months.”

But, there is a caveat against material purchases

Cornell University psychology professor Thomas Gilovich seems to agree with Mr. Weidman and Ms. Dunn’s research findings, and offers this explanation:

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“People often make a rational calculation: I have a limited amount of money, and I can either go there, or I can have this. If I go there, it’ll be great, but it’ll be done in no time. If I buy this thing, at least I’ll always have it.”

But, Gilovich goes further and reminds us that while this calculation is factually true, it is not psychologically true. “We adapt to our material goods,” he says. The new couch, new dress or fancy car provides a brief thrill, but we soon come to take it for granted.

Experiences, on the other hand, Gilovich says , tend to meet more of our underlying psychological needs. They are often shared with other people, giving us a greater sense of connection, and they form a bigger part of our sense of identity. If you’ve climbed in the Himalayas, Gilovich offers an example, that’s something you’ll always remember and talk about, long after all your favorite gadgets have gone to the landfill.

So, where does all this leave us—ordinary people who just want to be happy?

Should you purchase life experiences or material items? I suppose the more accurate answer is… it depends.

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It depends on your situation, and what type of happiness you are looking to have. Are you looking for more lasting happiness, more frequent happiness (as some sort of respite, maybe) or both? Ultimately, though, your money will be better spent if you take the time to appreciate the objects of your spending (the gadget, vacation, or smiles of the people you have helped).

In other words, wring as many rewarding and stretching experiences from your purchases as possible, and you may just be able to buy happiness. As the famous Lexus advertisement pronounced, “Whoever said money can’t buy happiness isn’t spending it right.”

More by this author

David K. William

David is a publisher and entrepreneur who tries to help professionals grow their business and careers, and gives advice for entrepreneurs.

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Last Updated on April 11, 2019

How to Improve Communication Skills for Workplace Success

How to Improve Communication Skills for Workplace Success

Possessing strong communication skills will help you in every phase of your life. This is especially true in the workplace.

I have personally worked with several leaders who were masters of communication. A few were wonderful speakers who could tell a great story and get everyone in the room engaged. Those of us in attendance would walk away feeling inspired and eager to help with what came next. Others were very skilled at sharing a clear direction and job expectations.

I knew exactly what was expected of me and how to achieve my goals. This was the foundation of an energized and vibrant role I was in. What I have found is strong communication skills are incredibly helpful and sometimes critical in how well we perform at work.

Here we will take a look at how to improve communication skills for workplace success.

How Communication Skills Help Your Success

Strong communication skills pave the way for success in many ways. Let’s look at a few of the big ones.

Create a Positive Experience

Here are two examples of how well developed communication skills helps create a positive experience:

When I first moved to the city I now live in, I began a job search. Prior to my first live interview, I was told an address to go to. Upon arriving at the address provided, I drove around and around attempting to find the location. After 15 minutes of circling and looking for the address, I finally grabbed a parking spot and set out on foot.

What I discovered was the address was actually down an alley and only had the number over the door. No sign for the actual company. The person that gave me those very unclear directions provided a bad experience for me.

Had they communicated the directions to get there in a clear manner, my experience would have been much better. Instead the entire experience started off poorly and colored the entire meeting.

As a recruiter, I frequently provide potential candidates with information about a job I’m speaking to them about. In order to do this, I also provide a picture of the overall company, the group they might be joining, and how their role fits in and impacts the entire company.

Time and time again I have been told by candidates that I have provided the clearest picture of a company and role they have ever heard. They have a positive experience when I clearly communicate to them. Even when the position does not work out for them, often times they will want to stay in touch with me due to the open communication and beneficial experience they had during the interviewing process.

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Strong communication skills will provide a positive experience in virtually any interaction you have with someone.

Help Leadership Skills

It’s certainly a skill all its own to be able to lead others.

Being a mentor and guiding others towards success is a major hallmark of great leaders. Another characteristic of effective leaders is the ability to communicate clearly.

As I referenced above, having a leader who can plainly articulate the company’s mission and direction goes a really long way towards being the Captain of the boat that others want to follow. It’s like saying “here’s our destination and this is how we are going to get there” in a way that everyone can get on board with.

Another critical component of everyone helping to sail the boat in the right direction is knowing what your portion is all about. How are you helping the boat move towards its destination in the manner than is consistent with the leaders’ vision?

If you have a boss or a manager that can show you what it takes for not only you to be successful, but also how your performance helps the company’s success then you’ve got a winner. A boss with superior communication skills.

Build Better Teams

Most of us work in teams of some sort or another. During the course of my career, I have led teams up to 80 and also been an individual contributor.

In my individual contributor roles, I have been part of a larger team. Even if you are in business for yourself, you have to interact with others in one manner or another.

If you have strong communication skills, it helps to build better teams. This is true whether you are in an IT department with 100 other fellow programmers or if you own your own business and have customers or vendors you communicate with.

When you showcase your robust ability to communicate well with others while interacting with them, you are building a better team.

Now let’s jump in to how to improve communication skills to help you pave the way for your workplace success.

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How to Improve Communication Skills for Workplace Success

There are many tips, tricks, and techniques to improve communication skills. I don’t want to overwhelm you with too much information, so let’s focus on the things that will provide the biggest return on your time investment.

Most of these tips will be fairly easy to become aware of but will take time and effort to implement. So let’s go!

1. Listen

Ever heard the saying you have two ears and one mouth for a reason? If you haven’t, then here’s the reason:

Being a good listener is half the equation to being a good communicator.

People who have the ability to really listen to someone can then actually answer questions in a meaningful way. If you don’t make the effort to actively listen, then you are really doing yourself and the other person a disservice in the communication department.

Know that person who is chomping at the bit to open his or her mouth the second you stop talking? Don’t be that person. They haven’t listened to at least 1/2 of what you’ve said. Therefore the words that spill out of their mouth are going to be about 1/2 relevant to what you just said.

Listen to someone completely and be comfortable with short periods of silence. Work on your listening skills first and foremost.

2. Know Your Audience

Knowing your audience is another critical component to having strong communication skills. The way you interact with your manager should be different than how you interact with your kids. This isn’t to say you need to be a different person with everyone you interact with. Far from it.

Here is a good way to think about it:

Imagine using your the same choice of words and body language you use with your spouse while interacting with your boss. That puts things in a graphic light!

You want to ensure you are using the type of communication most relevant to your audience.

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3. Minimize

I have lunch with a business associate about 3 times a year. We’ve been talking for several years now about putting a business deal together.

He is one of those people that simply overwhelms others with a lot of words. Sometimes when I ask him a question, I get buried beneath such an avalanche of words that I’m more confused than when I asked the question. Needless to say this is most likely a large portion of why we never put the deal together.

Don’t be like my lunch business associate. The goal of talking to or communicating with someone is to share actual information. The goal is not to confuse someone, it’s to provide clarity in many cases.

State what needs to be stated as succinctly as possible. That doesn’t mean you can’t have some pleasant conversation about the weather too.

The point is to not create such an onslaught of words and information that the other person walks away more confused than when they started.

4. Over Communicate

So this probably sounds completely counter intuitive to what I just wrote about minimizing your communication. It seems like it might be but it’s not.

What I mean by over communicating is ensuring that the other person understands the important parts of what you are sharing with them. This can be done simply yet effectively. Here’s a good example:

Most companies have open enrollment for benefits for the employees in the fall. The company I work for has open enrollment from November 1 to 15. The benefits department will send out a communication to all employees around October 1st, letting them know open enrollment is right around the corner and any major changes that year. There’s also a phone number and email for people to contact them with any questions.

Two weeks later, we all get a follow up email with basically the same information. We get a 3rd communication the week before open enrollment and another one 1 day before it starts.

Finally we get 2 emails during enrollment reminding us when open enrollment ends.

There’s minimal information, it’s more of a reminder. This is effective over communication.

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5. Body Language

The final critical component to how to improve communication skills for workplace success is body language. This is something most of us have heard about before but, a reminder is probably a good idea.

When I am in a meeting with someone I am comfortable with, I tend to kind of slouch down in my chair and cross my arms. When I catch myself doing this, I sit up straight and uncross my arms. I remember that crossing arms can many times be interpreted as a sign of disagreement or conflict.

In general, the best rule of thumb is to work towards having open body language whenever possible at work. This means relaxing your posture, not crossing your arms, and looking people in the eye when speaking with them.

When you are speaking in front of others, stand up straight and speak in a clear voice. This will convey confidence in your words.

Conclusion

Possessing strong communication skills will help you in many facets of your life and most certainly in the workplace.

Good communication helps create better teams, positive experiences with those we interact with, and are critical for leadership.

There are numerous tactics and techniques to be used to improve communication skills. Here we’ve reviewed how to improve communication skills for workplace success.

Now go communicate your way to success.

More Resources About Effective Communication

Featured photo credit: HIVAN ARVIZU via unsplash.com

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