Thriving or Surviving?
How people judge their own well-being
SOURCE: THE ECONOMIST
ONLY around a quarter of humanity feel they are "thriving" along numerous social and financial dimensions. And only 17% of people globally feel they are doing well in three or more areas, according to the Global Well-Being Index by Gallup, a pollster and Healthways, a consultancy. The findings are based on survey of 134,000 people in 135 countries, who were asked to rate whether they were thriving, struggling and suffering in five areas: purpose, social, financial, physical and community.
Interestingly Brazil, which is in the midst of a recession, ranks highest among BRICS countries (which include Russia, India, China and South Africa) across all but one category, economic. Less than a fifth of Brazilians say they are thriving financially, despite government policies that have lifted millions out of poverty. South Africans, meanwhile, feel they are doing so poorly that they look very different attitudinally than the rest of the BRICS.
Asians have slightly lower levels of well-being compared to global average. The percentage of Chinese and Indians thriving is lower than the world average in four of the five categories. Only 9% of Chinese are thriving in purpose (liking what they do each day and being motivated to achieve their goals), and 16% are thriving in community (liking where they live and feeling safe). Although around a third of Indians thrive in their community, less than half that have strong, supportive relationships.
The study comes just as the OECD, a Paris-based intergovernmental group, released its interim economic outlook this week. It reckons that China's economy, albeit slowing, will nevertheless grow by more than 7% this year and next, while India's economy will boast almost 6% growth a year. It also forecasts that Brazil will lift itself out of recession. So the irony is that although emerging-market economies look robust and have enjoyed impressive track records, their citizens do not feel they are benefiting from its fruits.
↳ Article Sep 16, 2014 - by RLW & GD
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Click below to download the Global Well-Being Report 2014