At the end of the day, do you wish you had more hours or more money?
If you chose time, you're likelier happier than your friends who are chasing the cash.
New research published in the journal Social Psychological and Personality Science finds that Americans who want more time in their lives are happier than those who want more money.
Researchers at the University of California Los Angeles and the Wharton School at the University of Pennsylvania performed a broad range of experiments and conducted surveys with more than 4,400 people. The gist of the study was relatively basic: Would you rather have more time or more money?
The initial results were not that surprising, reports Vox. About 64 percent of respondents opted for cold, hard cash.
But the interesting note is that the people who said they'd rather have more time were generally happier than those who wanted more money.
"What matters is the value people place on each resource," the authors write. "Beyond the amount of these resources people have, happiness is linked to the resource people want."
The researchers found some major demographic differences between the people who chose money and those who chose time. Those who chose time tended to be older, married, were parents and were wealthier than those who would prefer money.
Those are all interesting points because perhaps older people may change their priorities as they age, parents are harried as they take care of their children, and maybe married people just want more time with their spouses.
But wealthier people? Maybe that's because people who already have more money are already happier and that's why they say they just want more time.
The Washington Post's Christopher Ingraham posed that question to UCLA's Hal Hershfield, one of the lead authors of the study.
Hershfield said the possibility can't be ruled out completely. However, he told the Washington Post, even when they controlled for the amount of money the people in the study already had, they saw the same results.
"By statistically controlling for already existing levels of wealth, we show that choosing time over money has a positive effect on happiness over and above wealth," he said.