The Good Life, Wealth
It’s often said money can’t buy happiness, although some argue it can.
But newly published research suggests having money — and spending it on others — might just do the trick.
Researchers at the University of British Columbia and Harvard Business School teamed up for a series of studies looking at levels of happiness reported by people and how they spent money.
One experiment involved giving money to two groups of students. One group was told to spend the money on themselves — and the other was instructed to spend it on others.
The study found people were significantly happier at the end of the day if they spent the money on others rather than on themselves.
The findings are published in the journal Science.