Money doesn’t buy happiness – unless you spend it on others

We know we can't buy happiness, but that doesn't stop us from trying.

PsyBlog recently looked at studies that seem to indicate that money can have an impact on our personal happiness — if we spend it on others.

Why does "prosocial spending" make us happy?

"It's partly because giving to others makes us feel good about ourselves. It helps promote a view of ourselves as responsible and giving people, which in turn makes us feel happy. It's also partly because spending money on others helps cement our social relationships. And people with stronger social ties are generally happier," the blogger writes.