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This belief is supported by the reason that experiential expenses are more proactive rather than material expenses which are deemed to be “simplistic” or “mundane” pleasures.In hindsight, this assertion can make heads nod for the reason that we can almost safely assume that this is true.
However, new studies suggest that this is not necessarily the case.A case study conducted by Tamás Hajdu of the Institute of Economics and Gabor Hajdu of the Institute of Sociology at Hungarian Academy of Sciences gathered two groups of undergraduate students who were asked to list down their household expenses and separate them between the “experiential” and “material.”
The study concluded that there is no significant difference between the happiness that experiential and material expenses bring.Also, the study did not aim to disprove the claim that experiential expenses bring more happiness than material expenses.However, one thing is for sure: spending money generates that satisfaction or to some extent, happiness, to other people.
It is still believed that spending money on activities will lead to more satisfaction but it still differs among people.As human beings, we never have the standard parameters of measuring happiness since we have different outlooks in life even towards experiential activities and material things themselves.
