A recent posting on the subject of Panamanian married couples who drive older cars but hire live-in nannies to help with their children sparked quite a few comments. Alex Chernavsky sent in this newspaper story about research done by social psychologists, the conclusion of which was that if you're going to spend money you should buy an experience, e.g., dinner out with friends or a vacation trip, rather than a new car. The full paper is an interesting read as well.
this seems like the 'To Have or To Be' thesis to me…. I prefer to be, instead of to have….. but i don't always have the resources.