Money Brings Happiness — if You Give it Away

Researchers discover giving makes people happier than receiving
By Rob Quinn,  Newser Staff
Posted Mar 21, 2008 11:41 AM CDT
Money Brings Happiness — if You Give it Away
"The manner in which they spent that bonus was a more important predictor of their happiness than the amount of the bonus itself," researchers said after talking to employees at a Boston firm.   (Shutter Stock)

Money can buy happiness after all, the Globe & Mail reports. A new study shows that people reported being happier if they spent money on others rather than themselves. "This work suggests that even making small alterations in how we spend money on a daily basis can make a difference in happiness," the lead researcher told the AP.

Hundreds of people—including some who had just gotten hefty work bonuses—were quizzed, and students were given cash to spend for the study, published in the journal Science. Invariably, those who used the money to buy something for others reported being happier. Earlier studies found little correlation between income and happiness. “To me, there was a logical error there," said the researcher. "Just because money doesn't seem to buy happiness for most people, doesn't necessarily mean that it can't.” (Read more happiness stories.)

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