Wealth diminishes our ability to savor the ordinary

Quoidbach et al. test

...what Gilbert has termed the experience-stretching hypothesis, that experiencing the best things in life — such as surfing Oahu’s famous North Shore or dining at Manhattan’s four-star restaurant Daniel — may actually mitigate the delight one experiences in response to the more mundane joys of life, such as sunny days, cold beers, and chocolate bars.

Their abstract:

This study provides the first evidence that money impairs people’s ability to savor everyday positive emotions and experiences. In a sample of working adults, wealthier individuals reported lower savoring ability (the ability to enhance and prolong positive emotional experience). Moreover, the negative impact of wealth on individuals’ ability to savor undermined the positive effects of money on their happiness. We experimentally exposed participants to a reminder of wealth and produced the same deleterious effect on their ability to savor as that produced by actual individual differences in wealth, a result supporting the theory that money has a causal effect on savoring. Moving beyond self-reports, we found that participants exposed to a reminder of wealth spent less time savoring a piece of chocolate and exhibited reduced enjoyment of it compared with participants not exposed to wealth. This article presents evidence supporting the widely held but previously untested belief that having access to the best things in life may actually undercut people’s ability to reap enjoyment from life’s small pleasures.