The Economic Times

Psychology says people who save money all year long to live the dream of enjoying the luxury lifestyle at least once aren't simply wasting their savings: What the behavior reveals?

Psychology says people who save money all year long to live the dream of enjoying the luxury lifestyle at least once aren't necessarily careless with money. This behavior can reflect a desire for emotional rewards, social validation and relief from routine. People may accept months of saving because they expect one luxury experience to create a strong memory. However, research on hedonic adaptation suggests that this happiness often decreases after the experience ends.