Jul 24, 2017
By Michael Kramer
Researchers from the University of British Columbia and Harvard Business School have found that people who spend money to get out of doing onerous tasks – are happier than people who buy material things.
Senior author Elizabeth Dunn is a psychology professor at the University of B-C. She says people don’t often invest in time-savers and the rates at which people are investing in this type of expenditure – are surprisingly low.
Dunn says a survey of 850 millionaires in the Netherlands found that only half of them spend their money to out-source time-consuming chores.