Using constructs like wellbeing and financial wellbeing presents the challenge of not only measurement but also that they are relatively new and they need to be accepted as valid - notwithstanding their demonstrated validity in the literature. As a case in point, consider the reaction to a recent proposal to re-introduce a wellbeing framework as an objective for the Australian federal government. It was met with a mixed reception. It is difficult to separate the discussion and reaction from the political context - and perhaps that is a relevant factor in itself. One reaction was to mock the proposal - for an example, see https://www.youtube.com/watch?v=9NrMCWU2prQ. However, the short discussion piece by paper by Martin (2016) notes that Treasury and the government previously had a wellbeing framework but it was abandoned in 2016.

a) Do you consider the adoption of a wellbeing framework productive for a government or government agency? (There is obviously no "correct" answer here. The purpose is to consider issues associated with the application of these measures)