What Really Buys You Happiness

Nobody is splurging in these tight economic times. But a new study reveals that if you are going to part with your hard-earned dough, spending it on a day at the beach or a night out with friends rather than a new handbag is much better for your health.

The research, presented at the annual meeting of the Society for Personality and Social Psychology, shows that the handbag is likely to lose its appeal much more quickly than the happy memories of get-togethers.