Monday, March 24, 2008

Can't Buy Me Love

How much money you have has little impact on your happiness, but it turns out how you spend money can have a profound effect. The AP reports that charitable giving has a big impact on our happiness.

"People who made gifts to others or to charities reported they were happier than folks who didn't share, according to a report in Friday's issue of the journal Science.

Lead researcher Elizabeth W. Dunn, an assistant professor of psychology at the University of British Columbia, said she wasn't surprised that doing something for others made people happy.

But she was struck by how big the effect was and that how people spent money was more important than how much money they had."

You can read the full story here.

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