Panel, Conference Presentation
Toward a Flourishing Future | Global Conference 2025
Defining and Measuring Flourishing
- Flourishing is defined as a fundamental requirement for leadership, not a luxury, necessitating that individuals feel secure enough to engage in difficult conversations.
- Dartmouth integrates student health and wellness directly into academic excellence, viewing them as inseparable components of leadership training.
- Gallup has systematically measured flourishing in over 140 countries for 20 years using face-to-face and phone surveys to determine if individuals are "thriving."
- Economic indicators like GDP per capita and the Human Development Index often mask systematic declines in subjective well-being, as evidenced by data from the Arab Uprisings in Tunisia and Egypt.
- During the Brexit referendum, a 15-point drop in positive sentiment occurred despite majority voters believing the economic outcome would be negative.
- The "negative experience index" (measuring stress, sadness, anger, pain, and worry) rose by nearly 10 percentage points globally over the tracking period.
- Late Nobel laureate Daniel Kahneman likened the rise in global suffering to the "Easterlin paradox," describing it as "the other global warming."
- A recent decline in the negative experience index indicates a slight improvement in recent years following the long-term upward trend.
Dimensions of Human Flourishing and Trends
- A collaborative study by Harvard and Gallup identifies six core dimensions of flourishing: life satisfaction, physical/mental health, meaning/purpose, character/virtue, close social relationships, and financial stability.
- Data from 22 countries indicates a correlation between spirituality and higher scores in meaning, purpose, and overall flourishing.
- The lifespan trajectory of happiness has shifted from a "U-shaped" curve to a "J-shaped" curve, indicating that youth are currently experiencing significantly lower flourishing levels than in previous generations.
- Rising anxiety among youth is linked to social media usage, which the panel identifies as a primary driver of the deterioration in the J-shaped happiness curve.
- Work is identified as a primary source of negative emotions, with 81,000 hours of an average lifetime spent working; 60% of workers report bringing daily misery home to their families.
- Only 20% of the global workforce reports feeling good about Monday, while 80% experience daily misery.
- Loneliness remains a critical deficit, with 6% of adults reporting zero human interaction over a two-week period (approximately 350 million people globally).
- Debilitating hunger has risen by 10 points globally over the last decade, reversing 40 years of progress in the fight against hunger.
- Self-identified purpose among young people in the U.S. has declined massively since 2005 and 2006, according to UCLA longitudinal data.
Educational and Institutional Approaches
- Dartmouth trains students to handle failure and engage in dialogue with opposing views, moving away from "safe spaces" to "brave spaces" where discomfort is expected.
- Dartmouth's political union (DPU) models bipartisanship through student-led debates featuring figures such as Kellyanne Conway, Donna Brazile, Cornel West, and Robbie George.
- The panel critiques the reduction in federal support for medical research, noting potential cuts of up to 40% would be detrimental to public health and individual flourishing.
- Dartmouth accepted 1,200 first-year students from 32,000 applications (a 4% acceptance rate) and acknowledges the responsibility to expand access to more students.
- Dartmouth offers high school summer programs and the Tuck Bridge program to provide financial fluency to non-business majors.
- The panel advocates for a mandatory year of public service for youth, citing examples from Singapore and Israel where such programs fostered civic engagement and social cohesion.
- Universities are described as institutions currently under attack, with their stability directly linked to the flourishing of the individuals they serve.
Financial Technology and Democratization
- Early saving yields superior results due to compounding; saving $5,000 annually from age 20 to 30 results in more wealth at age 60 than saving $5,000 annually from age 30 to 60.
- Technology is democratizing access to private markets, which were previously accessible only to the ultra-wealthy due to illiquidity and high barriers to entry.
- Blockchain technology is identified as a key driver for financial access, offering a source of truth, smart contracts, and efficient payment mechanisms.
- Tokenization allows for fractional ownership of assets, such as music royalties, enabling smaller investors to participate in non-correlated revenue streams.
- Franklin Templeton launched the first tokenized money market fund, allowing account access with a minimum of $20, down from a traditional $500 threshold.
- Jenny highlights that removing transaction friction through blockchain will reduce costs, making investment vehicles cheaper and accessible to broader demographics.
- The panel notes a decrease in the percentage of finance interns joining firms with the goal of "changing the world," suggesting a shift in aspirational motivations.
Public Policy, Health, and Civic Engagement
- Public health and medical research contributed over 50% of global economic growth in the last 200 years.
- The average human lifespan in the U.S. has risen from age 47 in 1900 to near normal expectancy, largely due to advances in antiretroviral therapy for HIV.
- Americans are statistically the most generous nation globally regarding monetary donations and time spent volunteering.
- The psychological boost from volunteering often exceeds the benefit to the recipient, with the act of giving itself being the primary driver of well-being.
- Mental health is identified as the number one cause of chronic disease and obesity-related issues, a finding consistent in reports from 21 years ago.
- Eliminating cancer as a cause of death was estimated to be worth $60 trillion to the U.S. economy 30 years ago.
- While 80% of savings are typically invested locally (in the investor's currency), portfolio diversification remains essential due to global interconnectivity.
- Shared human values (faith, family, freedom, truth, goodness, beauty, and love) are proposed as foundational pillars to bridge political and social polarization.
Future Outlook
- The panel predicts that financial technology will continue to disperse capital and reduce institutional "toll-taking" barriers over time.
- There is a warning that current trends in mental health, loneliness, and workplace misery could reverse progress in global flourishing if unaddressed.
- The panel suggests that future policy must integrate the science of flourishing into public health and education frameworks rather than relying solely on GDP metrics.
- The Center for Advancing the American Dream is scheduled to open in July, aiming to showcase the uniqueness of the American ideal.