Prosperity is More Than Wealth

Prosperity is more than wealth; it’s when everyone has the chance to thrive by fulfilling their potential and contributing to a society that promotes wellbeing. This includes inclusive societies, open economies, and empowered people who take care of their health and learning.

Many distinct notions of prosperity are correlated and sometimes even have causal effects on one another, such as economic prosperity and happiness.

Definition

Prosperity is far more than wealth; it’s when everyone can thrive and fulfil their unique potential. Genuine prosperity requires inclusive societies, open economies, and empowered people. Inclusive societies ensure that people’s fundamental liberties and security are protected, while effective institutions deliver fair and sustainable economic growth. Open economies harness ideas and talent to drive innovation and create sustainable pathways out of poverty. And empowered people take care of their own health and education, enabling them to contribute to a society that promotes wellbeing.

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This word is derived from the Latin prosperus, meaning ‘favorable’ or ‘lucky.’ It has long been a synonym for success, and more recently of wealth.

Examples

Prosperity is more than just financial wealth; it is the ability to reach one’s full potential. It is underpinned by inclusive societies with a social contract that protects everyone’s fundamental liberties and security. It is driven by an open economy that harnesses ideas and talent to create sustainable pathways out of poverty. And it is built by empowered people who contribute to a society that promotes wellbeing.

When Jake reached his prosperity goal, he realized that happiness was more important than money. While he was happy, he also realized that he had neglected his family for his professional achievements.

Many distinct notions of prosperity exist, such as economic prosperity, health, and happiness. These concepts are often correlated and may even have causal effects on each other, but the relationship between them is complex. This page features a collection of examples that illustrate the various ways in which the concept of prosperity is used in real-world contexts.

Synonyms

Prosperity can mean a lot of things, from good fortune to success in business. It can also refer to health, happiness, or the general feeling of well-being. Many of these concepts are correlated or even have causal effects on each other, but they are not always the same thing.

Genuine prosperity goes far beyond financial wealth; it means that everyone has the opportunity to thrive. This requires effective institutions, an open economy that harnesses ideas and talent to create sustainable pathways out of poverty, and empowered people who take care of their own wellbeing and contribute to their communities. These three domains, captured through the Prosperity Framework, form the essential foundations of a prosperous society.

Usage

Prosperity can be used to describe a person or a group’s financial success. It can also be used to refer to a person’s overall sense of well-being. For example, a person might feel prosperous when they have achieved all of their professional goals. However, a person might not be happy with their prosperity if they have neglected their family in pursuit of their financial dreams.

Genuine prosperity goes beyond wealth to include all the things that make life good, such as stable families and supportive communities. It is rooted in inclusive societies that honor people’s inherent dignity and protect their fundamental freedoms. It is built on open economies that harness ideas and talent, and support sustainable pathways out of poverty. And it is enabled by empowered people who take care of their health and education, and contribute to society by playing their role in building a prosperous world.

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