Be Thankful, Save More: Study Says Gratitude Helps Us Reach Financial Goals

TODAY:

A sizable body of research shows that people tend to discount the value of future rewards in favor of short-term gratification, but a new paper in the June issue of “Psychological Science” finds that thankfulness triggers patience and a willingness to hold out for greater monetary gain.

In a series of experiments, subjects were offered an amount of money on the spot, or a greater amount if they waited until a predetermined future date. Researchers manipulated subjects’ frame of mind by asking them to spend five minutes writing about something that made them feel happy, grateful or neutral prior to being offered the money.

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