Money Can Buy Happiness if You Give To Others : The Joyful Side of Philanthropy

An article at Yahoo Health by Amanda Gardner titled Give and Be Happy reports on a study which indicates that:

Money can buy happiness, at least when you spend it on others.

The reason, writes Gardener, is that “pro-social” giving enhances the community:

“Reaching out and doing things for other people allows you to kind of create a community,” said Dr. Alan Manevitz, a clinical psychiatrist at New York-Presbyterian Hospital/Weill Cornell Medical Center in New York City. “Social networks, we know, make people happier. It’s all about creating social networks and community ties and having a sense of self that you feel is worthwhile so money therefore can be used in service of that.”

And money is just one resource that can be used to that end, Dunn said. “All kinds of resources may be beneficial for our well-being,” she added.

This explains why philanthropy is so popular. Not only is the philanthropist doing a good deed, but it also makes the donor happier. Read the entire article here.

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