"Will it make you happy?"?

This ariticle in the NY Times talks about how spending affects happiness. If I understand it correctly, it’s not what you buy but how you spend your money that correlates to whether or not you derive happiness from it.

The article goes on to say that buying experiences like concert tickets or classes for learning something new creates more happiness than buying material objects (unless the material objects are purchased specifically to be used in a pleasant activity like golf clubs or a saddle for horseback riding).

What do you think? Does buying objects make you happy? Does buying experiences make you happier than mere objects?