Money for Nothing

The latest secret to happiness? Give away your cash. That’s according to professors at the University of British Columbia and Harvard Business School. They compiled data from studies around the world showing that spending money on other people gives us a bigger kick than spending it on ourselves. What’s even neater: Donating your dough is equally rewarding whether you’re living off chickenfeed, or swimming in the big bucks. The professors, who have co-written a book called Happy Money: The Science of Smarter Spending, refer to this discovery as “a psychologically universal human trait.”

Does the size of emotional reward depend on the value of the cash you’re giving away? If so, here’s the equivalent to a cheap high.

Does the size of emotional reward depend on the value of the cash you’re giving away? If so, here’s the equivalent to a cheap high.

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