‘Did you know?’ Thursdays

16 Mar ‘Did you know?’ Thursdays

Research shows that « people who spen(d) a higher proportion of their income on prosocial spending (gifts for others and donations to charity) compared to personal spending (bills/expenses and gifts on themselves) » are ‘happier’ .

Psychologists Liz Dunn Dunn and colleagues gave students at the University of British Columbia an envelope containing money and told them to make a choice between (1) spending the money on themselves before 5 p.m. that day or (2) spending the money on someone else before 5 p.m. Those who gifted for others were happier than those who gifted for themselves. . Moreover, some students received $5 and others $20 in their envelope. The conclusion showed that the group that gave away $5 was just as happy as the group that had $20 to give away showing that happiness in giving can be more about the how as opposed to the how much.

Many transcendental leaders as the Dalai Lama or Gandhi emphasize the importance giving in their teachings. In the words of the Dalai Lama « one’s own happiness is dependent on the happiness of others » and according to Ghandi « the best way to find yourself is to lose yourself in the service of others ».

There are many tangible benefits resulting from giving. Here are a few :

  1. Activate the Reward Center in Your Brain
  1. Improve Life Satisfaction : if you give more than others, you get greater satisfaction in life than people who do not.
  1. Feel Happier : people who give to others tend to score much higher on feelings of joy and contentment than individuals who did not give to others.
  1. Protect Your Local Community : Giving to community organizations can provide important local safety nets that guarantee vital assistance during crises and emergencies.
  1. Improve Key Measurements of Your Health : Older adults who volunteer their time have improved cognitive function, increased walking speed, increased ability to climb stairs, and decreased rates of television watching than people who do not voluntee
  1. Reduce Rates of Stress : charitable givers experience reduced rates of stress and lower blood pressure.
  1. Induce Civic Engagement
  1. Improve Your Employee Morale : individual employees who contribute their time or money to a corporate cause are more likely to report improved worker morale.
  1. Increase Your Community Standing
  1. Reduce Your Tax Burden : charitable contributions can reduce your tax burden.

 

Curious to know more? Click here for more information.

 

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