According to a newly published report, money can buy happiness but not in the way that you might think. Researchers at the University of British Columbia and Harvard Business School found that spending money on others makes people happier than if they spend it on themselves. »more»

There are a number of reasons that winning the lottery doesn't buy lasting happiness. First, studies have shown that people get more satisfaction earning their cash than winning it. Second, the boost in happiness from a lottery win has been shown to dissipate over time (this is the so-called "hedonic adaptation"). »more»

This is a continuation of our story on the unhappiness of lottery winners "Does Money Make You Happy? Not according to man who won $315m...". »more»