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Can money buy you happiness? Yes—so long as you spend the money on someone else. According to new research, giving other people even as little as $5 can lead to increased well-being for the giver.

That’s the insight into the secret of happiness by HBS professor Michael Norton and two colleagues from the University of British Columbia, Elizabeth Dunn and Lara Aknin. Their article, “Spending Money on Others Promotes Happiness,” appeared in the March 21, 2008 issue of Science.

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One Comment

  1. Who would have thought kingdom ethics really were true! 🙂


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