More money, more problems? That's not what the research shows. MaxAlberhasky explains how to feel good about purchases even when you're tight on cash.
However, feeling financially strained, even if it's not true, can undermine purchase happiness.If you are like most people, you have probably experienced financial constraints at some point in your lifetime. We go to college or graduate school in lieu of working a full-time job, yet we experience financial constraints, or scarcity, during this time.
Objective and subjective feelings of scarcity have been researched extensively, finding that scarcity can decrease intellectual performance and. Recently, a team of consumer psychologists set out to examine how perceived financial constraints influence our happiness when it comes to spending money. The researchers conducted experiments with over 7,000 participants to investigate how perceived financial constraints impact how happy we are when making a purchase.
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