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Spending on Happiness
Money can't buy you love but it can buy happiness--as long as it's money for someone else. New research by Harvard Business School professor Michael I. Norton and colleagues Elizabeth W. Dunn and Lara B. Aknin, described in the journal Science, looks into how and why spending money on others promotes happiness. Norton explains more in this Q&A. How much money people earn is less important for their happiness than how they choose to spend it. Although people believe that having money leads to happiness, new research suggests they are happier if at least some of the money is given to others.
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