Wealth

This Just In: Money Can Actually Buy You Happiness

Not that we ever believed it couldn't.
IMAGE AMC
Comments

In what has to be the most unsurprising news of the week it has been revealed thatyesmoney can actually buy you happiness.

But there's a catch. According to researchers at Cambridge University who studied 77,000 bank transactions by 625 people over 6 monthsspending only makes you happier if it's on things that match your personality type.

The brains behind the research divided every transaction into spending categories that were then matched to the "Big Five" personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

So, for instance, someone who possesses a conscientious personality will find happiness in spending money on the gym. Whereas someone with an extraverted personality will find more happiness in spending that same money at the pub.

Sandra Matz, the lead author of the study said: "Our findings suggest that spending money on products that help us express who we are as individuals could turn out to be as important to our well-being as finding the right job, the right neighborhood or even the right friends and partners."

ADVERTISEMENT - CONTINUE READING BELOW

I suppose it's time for us to finally pull the trigger on those Common Projects in the name of personal fulfilment, then?

This story originally appeared on Esquire.co.uk.

* Minor edits have been made by the Esquiremag.ph editors.

Comments
View More Articles About:
About The Author
Finlay Renwick
Finlay Renwick is the Digital Editorial Assistant at Esquire.co.uk
View Other Articles From Finlay
Comments
Latest Feed
 
Share
The singer-songwriter also stresses the importance of collaboration.
 
Share
These are the Filipino invention myths they used to teach us back at school.
 
Share
At Lemuria, expect well-paired food and wine, as well as top-notch service.
 
Share
Marked by craftsmanship, artistry, and history, the Hawaiian shirt is a menswear staple.
 
Share
The Harvey Law Group helps people live in the country of their dreams, but it comes at a cost.
 
Share
Eric Ripert and José Andrés on paying tribute to their friend Anthony Bourdain, and inviting the world to do the same.
 
Share
Amy Pascal says Hardy will be back "magnificently playing that character as no-one else can"
 
Share
They're cool, practical, and officially back in style. Here's how to wear them right.
 
Share
From Creed to Le Labo, here's a list of scents that are anything but basic.
 
Share
Taking eco-friendly fashion seriously but without preaching about it, Allbirds point to a bright future for ethical brands.
 
Share
The Lamando makes a strong case for getting a compact sedan if you’re looking for an everyday ride.
Load More Articles
Connect With Us