Cooperation and Development, World Health Organization, United Nations) are urging countries to use well-being indicators (e.g., life satisfaction) in addition to traditional economic indicators when making important policy decisions. r As the number of governments implementing this new approach grows, so does the need to continue evaluating the health and well-being outcomes we might observe from policies aimed at improving life satisfaction. r The results of this study suggest that life satisfaction is a valuable target for policies aiming to enhance several indicators of psychosocial wellbeing, health behaviors, and physical health outcomes. Context: Several intergovernmental organizations (Organisation for Economic Cooperation and Development, World Health Organization, United Nations) are urging countries to use well-being indicators (e.g., life satisfaction) in addition to traditional economic indicators when making important policy decisions. As the number of governments implementing this new approach grows, so does the need to continue evaluating the health and ** Contributed equally as senior authors.