A new study published in the Society for Personality and Social Psychology reveals that people value time over their money. Charlie Sorrel, Fast Company contributor, takes a look at the result of a study that had 4600 participants.
The result of the study suggests that people who value their time experience greater subjective well-being:
Interestingly, a participant’s income didn’t make a difference to how they valued their time. Age, however, did. Older people are more likely to favor time over money, which may be down to experience helping us to learn what really matters, or just because for older people, time is a more constrained resource. Young people were the most likely to burn their time in exchange for more money.