Balanced Value Impact Model

Life satisfaction assessment

According to the OECD Better Life Index, ‘life satisfaction measures how people evaluate their life as a whole rather than their current feelings. It captures a reflective assessment of which life circumstances and conditions are important for subjective well-being’.  This is difficult to measure and highly subjective, however governments are increasingly looking at life satisfaction alongside economic factors to monitor well-being and to drive policy. 

See the Organisation for Economic Co-operation and Development (OECD), Better Life Index

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