A new study released from the Proceedings of the National Academy of the United States put forth a very interesting finding: Having more money does indeed make you happier. And why exactly? Because it enables you to buy time.
"People around the world are feeling increasingly pressed for time, undermining well-being," the study authors write. "This research reveals a previously unexamined route from wealth to well-being: spending money to buy free time."
What they're talking about exactly is spending money on having someone else clean your home, or even the growing popularity of meal-kit delivery services like Blue Apron — which allow you to spend money to both not have to go to the grocery store as well as the time saved on meal planning.
The study surveyed 6,000 people from the U.S., Canada, Denmark and the Netherlands finding that people across all income levels shell out money to "buy" time; which in turn leads to greater life satisfaction and lower stress levels. Or as the study puts it, "Our findings suggest that using money to buy time may reduce feelings of time pressure on a given day and provide a cumulative benefit by serving as a buffer against the deleterious effects of time pressure on overall life satisfaction."
The study also found that women often have a harder time then men "buying time" because they feel a societal pressure to do domestic chores. This study shows that if they can afford it, their time would be better spent relaxing.
All of this just goes to show that there really are some things money can buy, and one of those things is time.