a good or satisfactory condition of existence; a state characterized by health, happiness, and prosperity; welfare: to influence the well-being of the nation and its people.


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World English Dictionary
wellbeing (ˈwɛlˈbiːɪŋ)
the condition of being contented, healthy, or successful; welfare

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

1613, from well (adv.) + gerundive of be.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
We will miss her constant concern for our welfare and wellbeing.
No, quitting an academic job because it is causing depression and is
  detrimental to overall wellbeing.
There is an obvious resolution of this dilemma: to regard economic wellbeing as
  depending on both inequality and poverty.
Earlier studies suggested psychological wellbeing was consistent throughout
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