Money Can Buy Happiness, If You Spend It On Other People!

Forbes:

It’s easy to come to the conclusion that all of our technology, all of our wealth, all of our stuff is not really making us happy. It’s true that getting a new gadget can give you pleasure every day you use it, but having ten new gadgets is not ten times more fun.

Although the notion that once ones material needs are met, income over a certain threshold (often stated as $75,000) does not make us any happier, this is only true if that additional money is spent selfishly. The research that Moffit and Brown have drawn on most directly is from a paper by Dunn, Gilbert and Wilson.

Read the whole story: Forbes

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