Work & EmploymentAgree / DisagreeIntermediateHigh Frequency

IELTS Essay: Some people think that if a country is already rich, any addition in economic...

Prompt

Some people think that if a country is already rich, any addition in economic wealth does not make its citizens happier. Do you agree or disagree?

#economic_growth#happiness#wealth_and_wellbeing#diminishing_returns

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Band 7 → 9 — Band 7 discusses how money stops increasing happiness after basic needs are met; Band 9 addresses why rich nations report stagnating wellbeing despite growth (inequality, adaptation, misallocation of gains).

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Key concepts in this essay

diminishing marginal utility of income
relative vs absolute income effects on wellbeing
basic needs vs hedonic adaptation
non-monetary sources of happiness: relationships, purpose, health

Pitfalls the model essay avoids

Confusing absolute income with relative income effects (happiness depends partly on comparison to peers)
Ignoring how money is allocated: growth benefiting top earners may not improve average wellbeing
Treating happiness as monolithic without considering what money doesn't buy: community, purpose, time

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