(STUDY FINDS) -- LOS ANGELES — Many people believe that money can’t buy happiness, but a recent study has found that different social classes experience varying levels of happiness from specific types of purchases.
It turns out there’s something to “retail therapy” after all, but it comes with an asterisk. Researchers from several universities set out to determine the best way to spend money in order to increase happiness, and found that the answer seems to hinge on one’s economic status.
After conducting a series of studies, researchers concluded that wealthier individuals derive more pleasure from buying experiences or trips, such as a concert or vacation.
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