Why You Strive for Money Over Time -- and Why It's a Mistake

Virtually all research on what makes people happy shows that time matters more than money, both in the long term and the short term. A new study shows that this is true even if you live below the poverty line.

The study also notes that although Europe consistently performs worse economically than the U.S., it also consistently performs better in surveys on happiness.

According to the study’s author, as reported by Time Magazine:

“’Work ... contributes to an individual's sense of productivity and self-esteem, but the number of hours Americans spend working frequently exceeds that required to provide these benefits.’”

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