THE FLAW: Yes, it can. Permanent happiness is fleeting no matter what your bank account looks like, but research shows that money does, in fact, give you short-term bursts of joy – if you spend wisely.
Experiences such as concerts or holidays have been shown to bring greater happiness than purchasing stuff.
People who spend money on others are also measurably happier than those who treat themselves.
So do yourself a favour: buy happiness for someone else.