Here’s How You Can Buy Happiness, Sort Of:
Can money buy happiness?
Norton said at a recent TED talk that spending money on yourself does not make you happier, but spending money on others — no matter how it is spent, or how much — could improve your mood.
“If you think money can’t buy happiness, you’re not spending it right,” Norton said. “You should stop thinking about which product to buy for yourself, and try giving some of it to other people instead.”
“The reason that money doesn’t make us happy is that we’re always spending on the wrong things, and in particular that we’re always spending it on ourselves,” he said.
Norton said that in numerous studies, “people who spent money on other people got happier; people who spent money on themselves, nothing happened. It didn’t make them less happy; it just didn’t do much for them.”
In nearly every country in the world, people that give to charity are happier, according to research by Gallup cited by Norton.