The XX Factor

Recessionary Spending: Do You Still Splurge?

When you’re feeling blue, it’s tempting to indulge in a little retail therapy to buy yourself a quick boost, no matter how tight your budget. In fact, a study suggests that spending on an experience, rather than on a possession, will yield the bigger bang for the happiness buck a- e.g., you’re better off splurging on a Broadway show or on a visit to your sister than on even the most gorgeous fuschia peep-toe shoes.

What do you think? Do you get an enduring lift from buying a delightful possession, or do you find that it lasts only a day or so? Have you found that experiences give you more lasting happiness, or not?