satisfied are you with your life these days? How anxious did you feel
yesterday? Rather personal questions, for sure, but the U.K.'s Office
for National Statistics doesn't mind. It soon will be putting such
questions to a sample of 200,000 Britons, as it tries to measure the
U.K.'s national well-being for the first time.
national well-being is an idea that became popular in academic circles
during the prefinancial-crisis era, when some wondered whether there
is more to life than consistent economic growth amid low inflation.
days, with U.K. inflation at 4%, the unemployment rate at 7.9%, and
the imminent threat of higher interest rates as the economy teeters on
the brink of recession, it isn't hard to imagine the sort of response
the statisticians will get from many of their respondents.