Apparently, money can buy happiness, if it's spent on others.
That's what Michael Norton, an associate professor at Harvard Business School said at a recent TED talk, according to the Huffington Post. "If you think money can't buy happiness, you're not spending it right," Norton said. "You should stop thinking about which product to buy for yourself, and try giving some of it to other people instead."
It's not how much a person spends on others that matters, but just the fact money is spent on others, that brings happiness, according to the article.
"The reason that money doesn't make us happy is that we're always spending on the wrong things, and in particular, that we're always spending it on ourselves," Norton said.
Treating your friends to dinner isn't a waste, Norton said. In all actuality, coworkers who spend money eating together are usually more productive, according to Norton's research.