welfare
noun [ U ]
uk/ˈwelfeər/ usthe general state of health or degree of success of a person, business, country, etc.:
Their GDP figures look good, but perhaps at a cost to their overall economic welfare.
We are a progressive employer concerned with employee welfare.
ECONOMICS
help given, especially by the state or another organization, to people who need it, especially because they are poor:
welfare services/programs/workers
Some people fear the euro will weaken their welfare system.
ECONOMICS US (UK social security)
a system of payments by the government to people who are ill, poor, or have no job:
on welfare She is a single parent on welfare.