March 21, 2008
Charity Donors Are Happier Than Stingy People, New Research Finds
People who give away money are happier than those who do not, according to new research published today in the journal Science.
Elizabeth W. Dunn, an assistant professor of psychology at the University of British Columbia, in Vancouver, started her experiment by trying to prove the ways in which accumulating money led to more happiness. She and two colleagues surveyed 632 Americans, asking about their level of happiness, personal spending habits, and how much they donate to charity, reports Forbes.
Ms. Dunn found that while people tend to think that spending money on themselves rather than giving it away will make them happier, the opposite turns out to be true. The researchers used a variety of settings and tactics to test the hypothesis that giving away money leads to more happiness, and the results held — whether on a college campus and in a corporate setting.