How does wellbeing affect the economy?

How does wellbeing affect the economy?

Wellbeing can significantly impact the economy by influencing productivity, healthcare costs, and consumer spending.

Can you explain how productivity is linked to wellbeing?

Certainly! Higher levels of wellbeing often lead to increased motivation and engagement, which boosts productivity in the workplace.

What about healthcare costs?

Improved wellbeing can reduce healthcare costs as healthier individuals require less medical attention, benefiting the economy overall.

Are there any studies that support this?

Yes, numerous studies show that countries with higher wellbeing scores tend to have stronger economic performance and lower healthcare expenditures.