Money & Happiness: It's how you spend it that matters.

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Cracking the Shell on Psychological Science

Maryland PSYCTerps

29 episodes

1 day ago

Learn about the research and outreach activities taking place in the Psychology Department at the University of Maryland, and the stories behind the people doing the research, all delivered in bite sized nuggets. Listen in to learn about the science of psychology and how we're advancing solutions to real world problems.

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Money & Happiness: It's how you spend it that matters.

Cracking the Shell on Psychological Science

9 minutes 3 seconds

3 weeks ago

Money & Happiness: It's how you spend it that matters.

Got a buck burning a hole in your pocket and wondering what you could buy that would make you feel good? Think again, because if you're looking to do something for yourself, maybe it's better to make it about someone else. Tune into this episode to learn about how spending your money on someone else can actually make you feel better. We review a few studies that looked into the topic of prosocial spending and found that it's not how much money you have, but how you spend it that matters the most. And, if you want do actually experience the thrill of helping others, join in on Oct 8th 2025 by participating in PSYC Good Deed Day. Learn more by visiting our PSYC Good Deed Website.

(paywalled, sorry!) Aknin LB, Dunn EW, Proulx J, Lok I, Norton MI. Does spending money on others promote happiness?: A registered replication report. J Pers Soc Psychol. 2020 Aug;119(2):e15-e26. doi: 10.1037/pspa0000191. Epub 2020 Apr 6. PMID: 32250135.