Can money buy happiness? 5 tips to turn bucks into bliss

Can money buy happiness? It’s a question that has been debated by many, including philosophers, economists, and psychologists. Even famous rappers have touched on the topic in their lyrics. The idea that money cannot buy happiness is false, according to social psychologist Elizabeth Dunn. In her research, she focuses on getting the most enjoyment out of money and believes that money can indeed buy happiness. While there is a certain threshold where happiness plateaus, regardless of income, people tend to adapt to both positive and negative experiences and return to their baseline level of happiness. Dunn suggests that spending money on experiences rather than material goods, making purchases special treats, buying time, paying in advance, and giving to others can maximize happiness derived from money.