5 ways money does bring happiness (according to science)
Money doesn’t buy happiness, right? Harvard psychologist Daniel Gilbert disagrees. “It’s a beautiful and popular idea,” he writes in a paper . “But almost certainly incorrect.”
If money doesn’t make you happy, then you probably aren’t spending it on the right things, he says. But how should you spend it?
Does money make you happy or not?
Daniel Gilbert agrees: money buys happiness. He wrote a paper on it with Elizabeth Dunn of the University of British Columbia and Timothy Wilson of the University of Virginia. Money offers an “opportunity for happiness,” they say, because money allows people to live longer and healthier lives, have free time, and control what they do each day.
But, say the three authors, it does matter what you spend your money on.
1. Spend money on experiences, not stuff
You may have experienced yourself that spending money on experiences leads to more happiness than spending money on things. Although a new gadget or a new car does provide a brief feeling of happiness, it quickly becomes part of your normal life. And that while a holiday, a concert or another experience will provide good memories for a long time to come, the authors say.
