Channel: BEME News

Category: News & Politics

Tags: experience economyobjectsdestinationholidayhappinessexperientialthingsmemoriesvacationextremeeventsnewscnnbemenewscasey neistat bemelou fogliapackagesexperienceshere’s the thingmaterialismbemeculturesuccessyoutube casey neistattravelcasey neistatcasey neistat cnnwild shit

Description: Money can buy happiness - if you spend it the right way. Lou explains how millennial spending habits align with what social science tells us about well-being, and why spending money on experiences is way better than buying a material good. SOURCES & FURTHER READING We’ll Always Have Paris: The Hedonic Payoff from Experiential and Material Investments static1.squarespace.com/static/5394dfa6e4b0d7fc44700a04/t/547d571fe4b094d782c0e634/1417500738967/Gilovich+Kumar+%28in+press%29+Always+Have+Paris+Advances.pdf To Do or to Have? That is the Question psych.colorado.edu/~vanboven/research/publications/vb_gilo_2003.pdf Kumar on the relationship between experiences and happiness sciencedirect.com/science/article/abs/pii/S105774081400093X Materialism, experiential purchases, and social comparison psychologytoday.com/files/attachments/2557/howell-and-hill2009the-mediators-experiential-purchases.pdf McKinsey report: Cashing in on the US experience economy mckinsey.com/industries/private-equity-and-principal-investors/our-insights/cashing-in-on-the-us-experience-economy CREDITS Writer: Louis Foglia Editor: Page Ellerson Researcher: Dushyant Naresh Supervising Producer: Allison Brown Follow Beme on Instagram: instagram.com/bemenews Twitter: twitter.com/bemeapp Facebook: facebook.com/officialbeme