4min chapter

The Happiness Lab with Dr. Laurie Santos cover image

Giving Tuesday: Why Giving Money to Others Makes us Happier

The Happiness Lab with Dr. Laurie Santos

CHAPTER

The Happiness Lab Podcast

Happiness Lab host Lara Acton says money can't buy happiness, but research shows that's not quite true. Using money to buy time can lead to a boost in well-being as a professor at Simon Fraser University is studying the psychological consequences of pro-social spending. We often assume that buying ourselves things, new clothes, a shiny car, or a nicer cell phone will bring us happiness, but acquiring new possessions doesn't feel as good as we usually hope. The science shows that giving money to help someone else often feels better than keeping it for ourselves.

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