Researchers studied the ways spending affects our happiness. The results are eye-opening.
True
TD Ameritrade

It can be hard to resist a good sale.

Especially when they're so hard to avoid. The U.S., for example, has more mall space than any other country in the world. No matter which way you turn, bargains will tempt.


Retail therapy. It might fill your house. But it won't fill the emptiness inside.

But don't be too quick to unholster your credit card because science may point you in a happier direction.

A 2015 psychological study out of Cornell University looked at different ways we spend our money and the "hedonic payoff" — the amount of pleasure or happiness we get — of those decisions.

"Given a world in which consumers have limited discretionary income (that is, the real world for nearly everyone), an important concern is howthey can get the most hedonic bang for their bucks. Although the relationship between money and happiness has been the subject of considerable debate ... few would deny that the financial choices people make can influence their well-being. That is, perhaps money can make us happier, provided we spend it on the right things."

The researchers introduce their work with a memorable movie quote that embodies their findings:

GIF from "Casablanca."

In the 1942 film "Casablanca," Humphrey Bogart's character sends off an old flame with this bittersweet certitude: "We'll always have Paris."

It turns out our phenomenal human ability to remember can play a big role when it comes to making consumer choices that keep our minds in a happy place.

In a way, we're all like kids growing bored with our toys.

The researchers found that experiences can bring us longer-lasting happiness than things can.

Once our basic needs are met, bills paid, and savings set aside, spending what we have left on new experiences (versus new stuff) can actually make us happier people.

That might mean traveling in another country, exploring a national park, jumping out of a plane, enjoying a dinner out, visiting a museum, or even just catching a movie. When you pay for an experience, what matters is that you leave with memories.

Photo by jill111/Pixabay.

Why? Because as the saying goes, "We are the sum of our experiences."

Where we've been, what we've seen, and what we've done all help shape who we are. The same can't be said of the things we buy. The researchers say that's due to "hedonic adaptation," which, in short, means we get tired of stuff.

Children's discarded toys are an example of hedonic adaptation. Photo by Rod Ranglin/Flickr (altered).

While our material things may endure, says the study, they inevitably lose their luster. In a way, we're all like kids growing bored with our toys:

"Once we get used to them they provide very little in terms of lasting happiness, causing us to want more and more, a phenomenon that has been dubbed the 'hedonic treadmill.'"

But memories of our experiences stay with us and evolve over time. And with enough time, we may even find it easier to see silver linings in our disappointing experiences than in our disappointing possessions:

"It is hard to romanticize a car or computer that breaks down frequently, or a shirt or sofa that is uncomfortable. Experiences, in contrast, live on only in the mind as mental representations that can be altered, reworked, and made more favorable."

Plus, sharing experiences gives opportunities to learn and relate, not compare ourselves to others, as is often the case with material possessions.

So as you plan for holidays and birthdays, or even if you just have some spare cash and want to...

GIF via "Parks and Recreation."

...think about what's going to make you or your giftees happier in the long run: a lasting memory or an object that's destined for dullness?

Courtesy of FIELDTRIP
True

The COVID-19 pandemic has disproportionately affected diverse communities due largely in part to social factors such as inadequate access to housing, income, dietary options, education and employment — all of which have been shown to affect people's physical health.

Recognizing that inequity, Harlem-based chef JJ Johnson sought out to help his community maximize its health during the pandemic — one grain at a time.

Johnson manages FIELDTRIP, a health-focused restaurant that strives to bring people together through the celebration of rice, a grain found in cuisines of countless cultures.

"It was very important for me to show the world that places like Harlem want access to more health-conscious foods," Johnson said. "The people who live in Harlem should have the option to eat fresh, locally farmed and delicious food that other communities have access to."

Lack of education and access to those healthy food options is a primary driver of why 31% of adults in Harlem are struggling with obesity — the highest rate of any neighborhood in New York City and 7% higher than the average adult obesity rate across the five boroughs.

Obesity increases risk for heart disease or diabetes, which in turn leaves Harlem's residents — who are 76% Black or LatinX — at heightened risk for complications with COVID-19.

Keep Reading Show less

Eight months into the coronavirus pandemic, many of us are feeling the weight of it growing heavier and heavier. We miss normal life. We miss our friends. We miss travel. We miss not having to mentally measure six feet everywhere we go.

Maybe that's what was on Edmund O'Leary's mind when he tweeted on Friday. Or maybe he had some personal issues or challenges he was dealing with. After all, it's not like people didn't struggle pre-COVID. Now, we just have the added stress of a pandemic on top of our normal mental and emotional upheavals.

Whatever it was, Edmund decided to reach out to Twitter and share what he was feeling.

"I am not ok," he wrote. "Feeling rock bottom. Please take a few seconds to say hello if you see this tweet. Thank you."

O'Leary didn't have a huge Twitter following, but somehow his tweet started getting around quickly. Response after response started flowing in from all over the world, even from some famous folks. Thousands of people seemed to resonate with Edmund's sweet and honest call for help and rallied to send him support and good cheer.

Keep Reading Show less
Photo by Tim Mossholder on Unsplash
True

Glenda moved to Houston from Ohio just before the pandemic hit. She didn't know that COVID-19-related delays would make it difficult to get her Texas driver's license and apply for unemployment benefits. She quickly found herself in an impossible situation — stranded in a strange place without money for food, gas, or a job to provide what she needed.

Alone, hungry, and scared, Glenda dialed 2-1-1 for help. The person on the other end of the line directed her to the Houston-based nonprofit Bread of Life, founded by St. John's United Methodist pastors Rudy and Juanita Rasmus.

For nearly 30 years, Bread of Life has been at the forefront of HIV/AIDS prevention, eliminating food insecurity, providing permanent housing to formerly homeless individuals and disaster relief.

Glenda sat in her car for 20 minutes outside of the building, trying to muster up the courage to get out and ask for help. She'd never been in this situation before, and she was terrified.

When she finally got out, she encountered Eva Thibaudeau, who happened to be walking down the street at the exact same time. Thibaudeau is the CEO of Temenos CDC, a nonprofit multi-unit housing development also founded by the Rasmuses, with a mission to serve Midtown Houston's homeless population.

Keep Reading Show less

The subject of late-term abortions has been brought up repeatedly during this election season, with President Trump making the outrageous claim that Democrats are in favor of executing babies.

This message grossly misrepresents what late-term abortion actually is, as well as what pro-choice advocates are actually "in favor of." No one is in favor of someone having a specific medical procedure—that would require being involved in someone's individual medical care—but rather they are in favor of keeping the government out of decisions about specific medical procedures.

Pete Buttigieg, who has become a media surrogate for the Biden campaign—and quite an effective one at that—addressed this issue in a Fox News town hall when he was on the campaign trail himself. When Chris Wallace asked him directly about late-term abortions, Buttigieg answered Wallace's questions is the best way possible.

"Do you believe, at any point in pregnancy, whether it's at six weeks or eight weeks or 24 weeks or whenever, that there should be any limit on a woman's right to have an abortion?" Wallace asked.

Keep Reading Show less

When it comes to the topic of race, we all have questions. And sometimes, it honestly can be embarrassing to ask perfectly well-intentioned questions lest someone accuse you of being ignorant, or worse, racist, for simply admitting you don't know the answer.

America has a complicated history with race. For as long as we've been a country, our culture, politics and commerce have been structured in a way to deny our nation's past crimes, minimize the structural and systemic racism that still exists and make the entire discussion one that most people would rather simply not have.

For example, have you ever wondered what's really behind the term Black Pride? Is it an uplifting phrase for the Black community or a divisive term? Most people instinctively put the term "White Pride" in a negative context. Is there such a thing as non-racist, racial pride for white people? And while we're at it, what about Asian people, Native Americans, and so on?

Yes, a lot of people raise these questions with bad intent. But if you've ever genuinely wanted an answer, either for yourself or so that you best know how to handle the question when talking to someone with racist views, writer/director Michael McWhorter put together a short, simple and irrefutable video clip explaining why "White Pride" isn't a real thing, why "Black Pride" is and all the little details in between.


Keep Reading Show less