There is something about the purchasing of a new product that is exciting, and this desire for an experience of “newness” extends well beyond the latest iPhone to all sorts of purchased items and experiences. In fact, compared to purchased items like phones and cars, experiences — vacationing in Oahu, camping at Yellowstone, parasailing off the coast of Miami — may promise a greater and more enjoyable level of “newness.”

A 2014 article from The Atlantic, “Buy Experiences, Not Things,” points to recent studies revealing that “experiences bring people more happiness than do possessions.” The reason for this, the article explains, is because there is an emotional benefit that accrues in the anticipation of an experience that doesn’t for material goods. Experiences also provide a lasting benefit after they occur, since their memory can now elicit positive feelings of nostalgia. Although experiences seem to edge out material things in offering a more meaningful and lasting level of happiness, experience shows we all still fall back into a state of restless pursuit of something new. Continue reading

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