The assignment content discusses the concept of well-being and its relation to stress, mental health, and happiness. It highlights the importance of hardiness as a factor in reducing tension and increasing feelings of well-being. The content also mentions various studies that have investigated the relationship between well-being and different factors such as living standards, freedom, community and relationships. Additionally, it references six liability factors that are present in the prior literature, including living standard, freedom, community and relationships, which are all positively related to wellbeing.