Gross Domestic Wellbeing is getting worse
Gross Domestic Product (GDP) tells us nothing about inequality or levels of societal wellbeing. Gross Domestic Wellbeing (GDWe) is an alternative framework for measuring social progress. This report has developed a single figure for GDWe in England, using ONS data, and compared it to GDP for the previous five years. It finds that wellbeing in England has been declining since before the pandemic, in contrast to rising levels of GDP, and has worsened further during the pandemic.
Children’s wellbeing is declining especially rapidly
The Children’s Society’s tenth annual Good Childhood Report finds that 7% of 10 to 15 year olds in the UK are not happy with their lives (306,000 children, up from 173,000 ten years earlier). The biggest causes of unhappiness for teenagers are school, friendships and how they feel about how they look. Teenagers are under increased pressure to meet high standards on both school achievement and their appearance, which is undermining their wellbeing in the present and also in the future.