I came across an interesting article in U of T Magazine, Winter 2010 issue. The cover has the question: Is Life Getting Better? The article questions whether using GDP is a good measure of the well-being of society. The article gives examples of limitations of using GDP; for example, doesn’t measure environmental consequences of say new industry or income distribution. The author, Kurt Kliener speaks of other indicators that are used such as the Canadian Index of Well-Being (CIW) which measures indicators like living standards, health, environment, education, arts and recreation.
The article got me thinking as to what are my indicators of my well-being and happiness. Do you know yours?
