Can money buy happiness?

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Why you should stop spending money to avoid uncomfortable emotions

By Angela Haupt

Editor, Health & Wellness

Somewhere around week three of the pandemic, I started stress-shopping: First for jewelry and dresses I imagined wearing to an office I’d never return to; later, for fancy pens and even fancier plants. Surely these purchases would help me feel content again.

In a new essay for TIME, happiness expert Jenn Lim takes that age-old idea—that money can buy happiness—and offers fresh thoughts. It turns out having a padded bank account isn’t that important, at least when it comes to being as happy as most of us want to be. Among Lim’s most intriguing points:

Money can lead to short-term pleasure—but this sensation wears off as soon as the newness of whatever you bought does. When we focus only on what makes us feel good, we’re missing out on the opportunity for sustainable happiness, which requires confronting and embracing difficult emotions. It’s smart to aim for a “greenhouse mindset,” which means experimenting with conditions to see what we need to thrive, and then nurturing what works.

READ THE STORY.

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Today's newsletter was written by Angela Haupt and Jamie Ducharme, and edited by Elijah Wolfson.

Can money buy happiness?

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