Are the benefits of prosocial spending and buying time moderated by age, gender, or income?

ABSTRACT: In the last two decades, social psychologists have identified several key spending strategies that promote happiness such as making time-saving purchases (buying time) and spending money on others (prosocial spending). Although the emotional benefits of these two spending strategies are well-documented in the current literature, it is unclear whether the effectiveness of these strategies vary depending on individual characteristics. To address this research gap, we surveyed an economically diverse sample of 15,545 Americans about their subjective well-being, spending behavior, personal values and beliefs, as well as demographics including age, gender, and income. Across demographic groups, spending money on others was robustly related to happiness. Spending money on others was also associa

SUBMITTER: Lok I 

PROVIDER: S-EPMC9182255 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature