Podcast
Questions and Answers
What is the relationship between money and happiness?
What is the relationship between money and happiness?
What does donating money make people feel like?
What does donating money make people feel like?
What is an example of a pro-social team?
What is an example of a pro-social team?
What does giving money to others do for the giver?
What does giving money to others do for the giver?
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What does DonorsChoose.org do?
What does DonorsChoose.org do?
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What did the study find regarding people who spent money on others?
What did the study find regarding people who spent money on others?
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What is the impact of giving money to others?
What is the impact of giving money to others?
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What is one way to increase the motivational power of social support?
What is one way to increase the motivational power of social support?
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How does giving money to others make people feel?
How does giving money to others make people feel?
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What does the study suggest about spending money on others?
What does the study suggest about spending money on others?
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Study Notes
- People who spent money on others got happier than people who spent money on themselves.
- The amount of money spent didn't matter.
- People from all over the world have similar spending patterns.
- Spending money on others makes people happier than spending money on oneself.
- Giving money to others makes people happier than keeping it for oneself.
- This is seen in almost every country in the world where Gallup has data.
- The relationship between money and happiness is positive, meaning that donating money makes people happier than not donating money.
- This is due to the fact that giving money to others makes people feel like they are helping others and making themselves feel good at the same time.
- This is why pro-social teams that give money to their teammates are more successful than teams that only get money for themselves.
- Giving money to others is often more beneficial than spending it on oneself, due to the motivational power of social support.
- One way to increase the motivational power of social support is to give money to people to spend on their teammates or others in need.
- DonorsChoose.org is a nonprofit that helps public school teachers in low-income schools purchase needed supplies.
- Giving money to others can have a positive impact on both the recipient and the giver, as seen with the teachers and students of DonorsChoose.org.
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Description
Do you feel happier when you spend your money on others or on yourself? This quiz will ask you about your spending habits and how you feel about them. The results will show that spending money on others is more likely to make you happy than spending money on yourself. This is seen in almost every country surveyed, whether it's through pro-social teams like DonorsChoose.org or individual donors. The motivation for this is the motivational power of social support. Giving money to others makes them feel like they're helping others and making themselves feel good too. This is why it's often more