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 [email protected]. 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 Notes00:00 Introduction01:00 Fast overview of her previous groundbreaking research on joint bank accounts03:45 Judging people in poverty who spend money07:45 The findings from her research09:50 What her research has to do with our basic needs13:00 How to interpret the research and suggestions14:32 How do common misconceptions about income levels affect people’s expectations from happiness from their experiences17:05 What can dual career couples do to enhance their own happiness19:46 The line between spending and compulsive spending for happiness21:05 Examples of consumption experiences that she found drive happiness22:03 Self care: people prioritize the self care of others before themselves25:27 How has your research influenced your own views29:09 One piece of practical advice people can use now in their lives based on your researchSubscribe or follow Modern Husbands on social media!NewsletterFacebookYouTubeLinkedInInstagramTwitterTikTokSubstack