- Higher income only improves day-to-day happiness up to a limit of about $75,000. Beyond that point, day-to-day happiness doesn't increase, but "life satisfaction" does.
- Buying more stuff doesn't tend to make us happier, because we quickly get used to what we have.
- Spending on experiences does make us happier, because it ties in with our social needs.
Here's the full article: "Can Money Buy Happiness? - Understanding the Economics of Happiness"
Also, let me reassure everyone that I will post a real blog entry soon. I've been posting these links to my Money Crashers pieces to fill in the blog during the week, because my work for Money Crashers is keeping me busy Monday through Friday and I usually only have time to update my own blog on the weekends...but I promise not to neglect it entirely.