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London, Feb uary 9: Spending money on holidays can make us happier than buying material goods, say psychologists.

Splashing out on experiences leads to memories we can share for a long time, while possessions such as clothing, gadgets or jewellery are unlikely to "prompt storytelling" in the same way, a study found.

Experiments by psychologists at Cornell University in New York State found that people scored higher satisfaction from experiences because they were more likely to share them with others.

Researchers believe "reliving" the experience helps us feel more connected to others and enhances our happiness, the Daily Express reported.

Lead author Amit Kumar told the Society for Personality and Social Psychology in New Orleans that a famous line from the 1942 film Casablanca could help explain the results - "A once-cherished Walkman is now obsolete, but, as Humphrey Bogart once told Ingrid Bergman, 'We'll always have Paris'." (ANI)

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