A new study in the
U.S. has found out that those Americans who earn less tend to donate more of
their money, and that they feel better than the rich.
In their upcoming
book, Happy Money: The Science of Smarter Spending, co-authors Michael Norton
of Harvard Business School and Elizabeth Dunn of the University of British
Columbia say spending money on others not only makes the giver feel happy, but
can also foster more positive emotions about one’s personal wealth.
Their findings were
presented on Saturday at an annual meeting for the Society for Personality and
Social Psychology in New Orleans, La.
In their analysis,
they also found evidence to explain why wealthier, middle income individuals
tend to be stingier with their money than their poorer counterparts.
In one of their
studies, they found that Americans, who earned less than $20,000 a year, tend
to donate more of their money than those earning up to $300,000 a year.
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