Organisation for Economic Co-operation and Development (OECD)
The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on almost 60 years of experience and insights to better prepare the world of tomorrow. Together with governments, policy makers and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting

Purpose

The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives.

Mathias Cormann

Secretary General, Organisation for Economic Co-operation and Development (OECD)

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RESOURCES
General Resource / November 2024
How’s Life? 2024 – Well-being and Resilience in Times of Crisis

How’s Life? assesses whether life is getting better for people living in OECD countries and whether progress has been sustainable and inclusive. This sixth edition presents the latest evidence from over 80 indicators covering current well-being outcomes, inequalities, and resources for future well-being. It contrasts medium-term trends in well-being outcomes with developments since 2019 to understand the impact of the COVID-19 pandemic and the cost-of-living crisis, and to outline warning signs that require policy attention. While government interventions to address the economic impact of these shocks have contributed to the resilience of average incomes and employment outcomes, cost-of-living pressures as evidenced by housing costs and people’s self-reported financial insecurity remain significant for many households. At the same time, there are warning signs in critical non-economic aspects of well-being – most notable in health, subjective well-being and social connectedness. Well-being inequalities between population groups run deep. Though most many well-being gaps by age and gender have narrowed over the past decade, in some cases this was because outcomes for younger people and men declined to a comparatively larger extent. Much stronger action is also needed to maintain today’s well-being for future generations, particularly when it comes to combatting climate change.

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