Measuring economic well-being is tricky. We do sometimes
get too caught up in the swings associated with GDP data, which primarily captures
output generated during a given period of time. An interesting article from WSJ
discusses economic well-being more broadly –
http://www.wsj.com/articles/on-gauging-the-pursuit-of-happiness-1440149401
Related:
Are Americans Working Too Much?
http://www.newyorker.com/news/daily-comment/you-really-dont-need-to-work-so-much