Money can buy you happiness - if you spend it on others: study

From CBC news with video,

People are happier when they spend money on others than when they spend it on themselves, a new study by researchers in Canada and the United States suggests.

“Our results suggest that how people spend their money is at least as important for happiness as how much they earn,” co-author Lara Aknin, a master’s student at the University of British Columbia told CBCNews.ca via e-mail. “Therefore, small alterations in your spending choices — even small amounts — can have a significant impact on your happiness level.“