Can Money Buy Happiness? Let's add that up

'Tis the season to ask: can money buy happiness?

And if so, how much does it cost?

Recent research exploring the link between income, purchases and happiness has economists and psychologists weighing in on what adds up when cash is king. The conclusions may seem obvious at first. But dig under the surface and there's real gold: the link between money and happiness is richer than you think.

What impacts your happiness with money - more than the size of your income - is how your spend it. And your attitude towards money when you spend it, save it, or fret about it, counts even more.

And while "I can't afford it," comes up most often when you think about vacations, concert tickets or other higher-cost experiences, you might want to rethink that.

Here's why...

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