Money really does buy happiness, according to the results of a new study.
Researchers at the Harvard Business School surveyed thousands of people in the United States, Canada, Denmark, and the Netherlands and concluded that spending money to earn free time makes people happier.
“Around the world, increases in wealth have produced an unintended consequence: a rising sense of time scarcity,” the paper about the study reads.
The study’s “results suggest that using money to buy time can protect people from the detrimental effects of time pressure on life satisfaction.”
The study appeared in the Proceedings of the National Academy of Sciences.
The survey involved asking people a series of questions: do they spend money every month (and how much) to increase their free time by paying someone else to do certain tasks, what is their satisfaction with life, and some basic demographic inquiries.
The results show that 28.2 percent