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When Is A Lot, Too Much?

too much stuff

 

 

 

 

 

We live in times where more and more, what we owe defines who we are. Where to be someone you need to own certain things, climb the social ladder, buy that special rug, those uncomfortable and shiny shoes … But is this consumerist way of life really bringing happiness to mankind?

Psychologists and scientists seem divided.

On one side, a new article from the Journal of Consumer Psychology, states that there exists a (modest) correlation between money and happiness. According to the journal, if people spend money well, they are able to obtain happiness. The opinion goes that 

what hampers happiness is not the stress that comes with the money, but the consequences of bad spending.

On another note, according to Daniel Kahneman (who shared the Nobel Prize with a team of psychologists), money doesn’t bring happiness and actually hampers people to seize the small things.
On a direct quote:

“When someone reflects on how additional income would change [their sense of] well-being, they are probably tempted to think about spending more time in leisurely pursuits such as watching a large-screen plasma TV or playing golf. … By itself, this shift in time is unlikely to lead to much increase in experienced happiness.”

A link between both ideologies might be the “Easterlin paradox”. Named after economist and professor Richard Easterlin who studied the correlation between income and happiness. In a nutshell, Easterlin outlines that high incomes are linked with happiness, however in the long term, the correlation disappears.

Lets take a look on how Graham Hill, a writer and designer makes his case regarding how less is actually more.

 

 

Sources:

  • TED
  • Journal of consumer psychology
  • Easterlin, Richard A. (1974) “Does Economic Growth Improve the Human Lot?”
  • Kahneman, D. Science, June 30, 2006; vol 312: pp 1908-1910. News release, Princeton University

Images:

Video: Graham Hill: Less stuff, more happiness

 

Author Spotlight

Joao de Oliveira

joao.oliveira

Currently working as Supply Chain Manager at Procter & Gamble.

Technical University of Delft, The Netherlands (Erasmus) and a Masters in Computer Engineering at the Faculty of Engineering of Porto, Portugal.

Enjoys sports such as Windsurf, Running, Swimming, ... as well as spending time with friends / movies. Read Full

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