Money CAN Buy Happiness - KCBD NewsChannel 11 Lubbock

3/20/08

Money CAN Buy Happiness

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The results are in and it turns out that money can buy you happiness- but only if you're spending it on someone else.

Harvard Business School surveyed more than 600 Americans about their income and spending habits. They found that people report more happiness if they spend money on gifts for others or give charitable donations -regardless of how much they made.

Researchers then compared that result with another experiment where people were given a five or twenty dollar bill and told to spend it either on someone else or themselves. They found those who spent on others felt happier at the end of the day compared to those who bought something for themselves.

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