Some experts believe that when a country is already rich, any additional increase in economic wealth does not make its citizens any more satisfied. To what extent do you agree or disagree?

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In
this
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contemporary world, economic growth is vital in any
country
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. Some
people
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believe that any increase in wealth of a rich
country
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cannot satisfy its
people
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while others counter it. In my perspective, I mostly agree with the idea that extra adds in economic cannot please its inhabitants.
First
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of all, it is true that economic growth will financially benefit the
citizens
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.
However
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, being more wealthy does not mean
people
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would be happier. The more they gain, the more expensive the goods are. Some
people
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may be richer than the
people
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in developing countries but they still are poor in a
country
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that has a sky-high cost of living.
Besides
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, some
people
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use the extra money they gained to spend on gambling or risky business. Eventually, some of them become richer, others may lose the invested money, which makes them not satisfied at all.
In addition
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to pleasing
its
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their
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citizens
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, some countries shift their main priority from economic development to social well-being or social welfare to be able to create a happy
country
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.
For instance
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, many North European
citizens
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are happy because the government offers these
people
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the best social welfare and education in the world.
Besides
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, the economic gap between the
people
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with high social status and normal
people
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is small so that they are more balanced in social position. Everyone is treated equally as others, the richer receive the same
treat
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treatment
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as the less wealthy ones. For all the aforementioned reasons, a developed
country
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does not have to focus much on the nation’s economic development. They would rather focus on social well-being to make their
citizens
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the happiest.
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