New studies of consumption and happiness show, for instance, that people are happier when they spend money on experiences instead of material objects, when they relish what they plan to buy long before they buy it, and when they stop trying to outdo the Joneses...
One major finding is that spending money for an experience — concert tickets, French lessons, sushi-rolling classes, a hotel room in Monaco — produces longer-lasting satisfaction than spending money on plain old stuff.
That may be but we're going to think twice before trading in our penthouse for a studio or forgoing a Cartier Watch for a trip to St. Tropez.
“No way,” says Lila Delilah, who writes the popular fashion blog Madison Avenue Spy. “I could pull out things from my closet that I bought when I was 17 that I still love.”
She rejects the idea that happiness has to be an either-or proposition. Some days, you want a trip, she says; other days, you want a Tom Ford handbag.
So, fashion sista, what items do you have that make you happy?