Sav­ing money makes you hap­pier — here’s proof

Baltimore Sun Sunday - - REAL ESTATE - By Liz We­ston

The ar­gu­ment over whether you should in­vest or pay off debt usu­ally fo­cuses on fi­nan­cial num­bers, such as rates of re­turn and in­ter­est charges. Maybe hap­pi­ness should be part of the equa­tion as well.

Stud­ies in sev­eral coun­tries, in­clud­ing the U.S., Nor­way, Ire­land and Spain, have found that hap­pi­ness with our money sit­u­a­tion tends to rise with age — even though our in­come peaks in midlife and then gen­er­ally de­clines.

Two Texas re­searchers looked into which of two ac­tions — pay­ing down debt or build­ing up in­vest­ments — was the big­ger con­trib­u­tor to that hap­pi­ness. In­creas­ing as­sets was the hands-down win­ner.


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