Aristotle was right: humans are social animals. We can all understand the importance of having friends who share our burdens and choice of guilty-pleasure show on Netflix. Science agrees too: there is a positive link between degrees of sociality and mental well-being as well as longevity. As it turns out, there has been new evidence of yet another perk that comes with friendships — wealth.
A recent experiment, conducted by MassMutual in 2018, asked 10,000 Americans questions about their community involvement and financial well-being, and discovered a positive connection between the two factors. According to the detailed report, those who engaged with their communities (whether that be geographical, intellectual, cultural, or artistic) kept better financial habits when it came to spending and saving; these people also placed more value on being a part of a larger group and looking out for each other. The findings also showed that 53 percent of Americans claim to have helped another financially at some point. Helping out someone increases the likelihood of them reciprocating the help in the future. (What goes around comes around, right?) Another reason could be that people who can afford to put their energy into social interactions often tend to pay more attention towards their own situations, financial or otherwise.
Not that you should enter communities with the sole purpose of obtaining financial benefits (that’s not how that works!), but it seems that you cannot go wrong with releasing your inner social butterfly. And take a moment to appreciate those people with whom we share our space, time, and inner worlds — not only do they bring us so much joy and feelings of belonging, but it seems that they are also helping us keep the $$$ in our pockets.