Episode 282
Is GDP the Best Measure of Happiness and Well-being?
Money For the Rest of Us · Money For the Rest of Us
January 8, 202031m 8s
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Show Notes
What factors determine the well-being of an individual or nation and why gross domestic product is an inadequate measure of prosperity.
Topics covered include:
- Evidence many Americans are poorer than before the Great Recession.
- Why life expectancy in the U.S. is falling.
- How satisifiedare U.S. citizens.
- What is GDP and why is the U.S. Bureau of Economics developing a new methodology
- What are the flaws with GDP and why does it fall short in measuring well-being.
- Which countries around the world are the most and least happy and what are the factors that contribute to that happiness.
- Why were U.S. founding fathers worried about too many luxuries.
- How the U.S. in the 19th century followed the same manufacturing model that China does today.
Thanks to Policygenius and LinkedIn for sponsoring the episode.
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Topics
BusinessinvestingeconomicsInvesting PodcastEconomy