What does the millennial generation know that the rest of us don't? The secret to happiness, most likely.
More and more these days, people are shifting from purchasing material goods to spending money on things that help create memories. Eventbrite, a ticketing agency, recently reported that a whopping 76 percent of millennials have said they would prefer to spend money on experiences rather than purchased items, whereas only 56 percent of baby boomers appeared to feel the same way.
This train of thought, although not new, is definitely something that needs to be encouraged across all generations. It is, in a sense, the possible key to unlocking real, true happiness.
For decades, baby boomers believed that success came from a good career with a good salary--a good income which allowed them to purchase things in a financially stable manner. Now, however, things are changing.
Success is not merely measured by how much you earn or the size of your house. It's also about the places you've been, the people you know, and the stories you can tell. The shift in the millennial's generation towards valuing experiences over goods is one that is plainly evident in analysis of this group's general spending trends.
In the survey conducted by Eventbrite, it is clear that--even though the baby boomer generation is much wealthier--millennials spend, on average, almost $200 more annually on experiences. Times are very clearly changing. Could it be for the better?
Perhaps this changing paradigm is pushing both old and new generations alike to look at life through different lenses. It's now--unlike before--more important to take substantial time off from work, to build relationships, to spend time doing the things you want to with people you care about. When was the last time emphasis on such actions was a bad thing?
Changing how we spend our money to enrich our lives spiritually and emotionally, rather than with physical goods, may have been the one secret to achieving unfathomable happiness, after all.
We should take a lesson from millennials and apply their philosophy to ourselves. Only when we begin prioritizing people over pennies, and relationships over expensive objects, will we be able to say we are really, truly happy.