Does Making Less Money Mean You Enjoy Spending Less? A Conversation with Dr. Olson

Welcome to the Modern Husbands podcast, where any combination of Dr. Bruce Ross, Christian Sherrill, and Brian Page host national experts who share winning ideas to manage money and the home as a team.

I’m Brian Page, founder of Modern Husbands. Sometimes our listeners want more support than a podcast can give, individual or couple support, which I now provide. Details can be found at modernhusbands.com or you can email me at [e-mail].

For today’s podcast we welcome Dr. Jenny Olson, an Assistant Professor of Marketing at Indiana University's Kelley School of Business. Dr. Olson just released research examining how people predict happiness from buying something, what actually happens, and whether how poor or rich you are impacts how we feel about it. Enjoy the show.

Show Notes

00:00 Introduction
01:00 Fast overview of her previous groundbreaking research on joint bank accounts
03:45 Judging people in poverty who spend money
07:45 The findings from her research
09:50 What her research has to do with our basic needs
13:00 How to interpret the research and suggestions
14:32 How do common misconceptions about income levels affect people’s expectations from happiness from their experiences
17:05 What can dual career couples do to enhance their own happiness
19:46 The line between spending and compulsive spending for happiness
21:05 Examples of consumption experiences that she found drive happiness
22:03 Self care: people prioritize the self care of others before themselves
25:27 How has your research influenced your own views
29:09 One piece of practical advice people can use now in their lives based on your research

Subscribe or follow Modern Husbands on social media!

Newsletter
Facebook
YouTube
LinkedIn
Instagram
Twitter
TikTok
Substack