You’ve heard the saying money can’t buy happiness . And you’ve probably been told by a friend or family member that you aren’t spending your money the right way . Well, one of the above statements is true, according to Michael Norton. Norten believes that money can buy us happiness and that we’re probably just not spending it right.
In the video below Social science researcher Michael Norton talks to us about an experiment that was conducted on how in fact money can buy us happiness. It’s all about how or rather who you spend it on.
Michael Norton is a professor of business administration in the marketing unit at the Harvard Business School. He holds a B.A. in Psychology and English from Williams and a Ph.D. in Psychology from Princeton.
(Video: Youtube) Does money really buy happiness, and if so how?