We are always hearing that money can’t buy love and happiness, but apparently that hasn’t stopped folks from trying.
A new LendingTree survey finds:
- 88% of Americans admit they have spent money on something to make them happier.
- The top items folks buy to make them happier include:
- Travel (45%)
- Food (45%)
- Shopping sprees for clothes, shoes or accessories (42%)
- Tickets to an event (27%)
- Home décor (26%)
- Tech gadgets (23%)
- Alcohol or drugs (20%)
- Searching for that happiness with goods has led 43% of people to go into debt.
- Surprisingly, 33% of people say money makes them happier than love.
- That’s particularly true for men, millennials and those making over six figures (all 38%).
- Sadly, spending that money on happiness may not have been that great an investment.
- 54% of people who spend money to make themselves happier say the happiness was only temporary.
- Overall, only 19% of Americans think money can buy happiness.
- Still, 46% of Americans say money has never made them unhappy.
- But there are some that say money has caused them unhappiness.
- Reasons include:
- Feeling used for money (22%)
- Always being asked for money (20%)
- Arguments with family about inheritance (16%)
- Getting money after a loved one’s death (9%)