Pew Research on the importance of GDP:
…Life satisfaction is also strongly associated with positive views about the nation’s economic situation.
In all countries originally surveyed in 1991, life satisfaction has improved, sometimes dramatically. The largest changes have occurred in Central and Eastern European countries such as Poland, where the percentage of people placing themselves as a 7 or higher on the ladder of life has increased by 44 percentage points since 1991. Whereas only 12% of Poles rated themselves highly nearly 30 years ago, now 56% do so.
Those who live in former East Germany have also experienced a considerable increase in life satisfaction. In 1991, only 15% of East Germans rated their life highly; today around six-in-ten say their life is a 7 or higher on the ladder of life. West Germans – those in pre-1990 Federal Republic of Germany – have also seen an increase in the share who rate their life highly (+12 percentage points).
In the three former Soviet republics surveyed, life satisfaction has improved, but fewer than half place themselves high on the ladder of life. Russians are 21 percentage points more likely to rate themselves highly in 2019 than in 1991. Despite this improvement, though, only around one-quarter of Russians say they are a 7 or higher on the ladder today. Russians were the only group to see a significant decline in life satisfaction from 2009 to 2019: More Russians placed themselves highly on the ladder of life in 2009 than in 2019 (35% vs. 28%)…
Money doesn’t buy happiness but it does give choices, and provide more opportunities and more security.