Spending Money on Others Promotes Happiness

@article{Dunn2008SpendingMO,
  title={Spending Money on Others Promotes Happiness},
  author={Elizabeth W. Dunn and Lara Beth Aknin and Michael I. Norton},
  journal={Science},
  year={2008},
  volume={319},
  pages={1687 - 1688}
}
Although much research has examined the effect of income on happiness, we suggest that how people spend their money may be at least as important as how much money they earn. Specifically, we hypothesized that spending money on other people may have a more positive impact on happiness than spending money on oneself. Providing converging evidence for this hypothesis, we found that spending more of one's income on others predicted greater happiness both cross-sectionally (in a nationally… 
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The level of intimacy in the relationship was more important than the type of relationship; there was no significant difference in positive affect after recalling spending money on a family member instead of a friend.
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