Saving money makes you happier — here’s proof
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.