General Article Why spending money can make you happy

Topic Selected: Money Matters Book Volume: 391
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A string of studies show that spending your income can really boost your mental wellbeing.

By Marina Gerner

Those who say money can’t buy happiness may not be spending it the right way. A budding field of behavioural science is analysing how our spending decisions influence our well-being.

We explain how money can buy happiness – if you follow the right principles.

One morning, people on the streets of Vancouver were asked to take part in an experiment by Harvard Business School researchers l...

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