Money really can buy happiness, Harvard prof says

Can money buy happiness? According to the old adage: No.

But a Harvard Business School professor says yes. But how much happiness you can buy depends on how you spend your money.

 “We’re really underspending on the things that make us most happy,” says Michael Norton, a Harvard Business School professor, who has researched the science of spending.

With the holiday shopping season around the corner, Black Friday buyers may want to reconsider their wish list.

It turns out people generally get more happiness spending their money on experiences than on stuff. That’s even though experiences are temporary — dinner with a friend or a vacation — while stuff like TVs, computers and smart phones last longer.


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