Why Happiness is More Important Than Economic Growth

Traditionally, the way we measure economic success is by economic growth via metrics such as GDP, average income, unemployment, etc.

However, while economic growth is important to a point, wealth and growth don't equate to personal satisfaction and happiness. That's why Brett argues that traditional metrics of economic progress aren't the most effective means to measure overall progress (at least not for the most developed economies).

We've experienced tremendous economic growth over the past century, yet it appears that we aren't any happier. In fact, the U.S. is one of the wealthiest countries on the planet, yet by the standards of the UN's World Happiness Report we certainly aren't the happiest.

While subjective happiness is difficult to measure and compare between societies, it's absolutely a valuable metric to compare amongst a static population over time. In the UN's World Happiness Report, they utilized six key indicators of happiness:
1. GDP (a traditional metric of economic health)
2. Perception of corruption
3. Life expectancy
4. Generosity
5. Social support
6. Overall freedom

Again, although it's difficult to measure the happiness of a population, Brett argues that it's an important factor to consider in examining the progress of society as a whole.

Our obsession with growth means nothing if we aren't happier as a result of this relentless pursuit. And, one could argue that a happier population, in fact, makes it more productive and is a sign of that growth we so desire.

Watch the video for his take and please share your thoughts!

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Have questions? Book a call, and talk to Brett today:
https://clarity.fm/brettcenkus

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You can reach Brett through:

https://clarity.fm/brettcenkus
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https://www.cenkuslaw.com
https://braatenwoods.com
https://merger-resources.com
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Brett A. Cenkus has 20+ years of experience in business law, finance, and entrepreneurship. Through Cenkus Law, PC, he provides advice and services for mergers & acquisitions (M&A), securities offerings, founders’ agreements, and other general business law issues.

Through Braaten Woods, LLC, Brett helps business owners in the lower middle market ($2MM - $25MM) position themselves for sale, find buyers, negotiate, and close M&A deals.

Brett also maintains merger-resources.com, a site packed with free articles, videos, checklists, deal diagrams, template contracts, and other tools to help pass M&A knowledge to others.

Brett regularly consults with entrepreneurs and invests his own capital as an angel investor.

From 2010-2013, Brett served as Chief Legal Counsel of a publicly-traded international oilfield services company. From 2001 to 2006, he and a partner founded and built Paragon Residential Mortgage. Bridge Investments acquired Paragon in 2006.

Brett holds a Juris Doctorate from Harvard Law School and a Bachelor of Arts degree in Economics from Messiah College in Grantham, Pennsylvania.

Brett lives in Austin with his wife, Cathryn, and two children. He enjoys reading, squash, classic movies, great food and wine, and the New England Patriots.
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Видео Why Happiness is More Important Than Economic Growth канала Brett Cenkus