Can Money Buy Happiness?

Conventional wisdom says that money can’t buy happiness, but can it?  While most research supports the idea that it cannot, new research is investigating the idea from a different angle, namely the effect of spending strategies on happiness. The key may be spending money on building memories, not the accumulation of material goods:

For deep-seated psychological reasons, when it comes to spending money, we tend to value goods over experiences, ourselves over others, things over people. When it comes to happiness, none of these decisions are right: The spending that make us happy, it turns out, is often spending where the money vanishes and leaves something ineffable in its place.