Welfare

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Middle English: from the adverb well1 + the verb fare.

wiktionary

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From Middle English welfare, probably from the Old English phrase wel faran(“to fare well, get along successfully, prosper”) (cognate with Middle Low German wolvare(“welfare”), Old Norse velferð, Swedish välfärd, German Wohlfahrt and Dutch welvaart.) Equivalent to well +‎ fare.

etymonline

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welfare (n.)

c. 1300, from Old English wel faran "condition of being or doing well," from wel (see well (adv.)) + faran "get along" (see fare (v.)). Similar formation in Old Norse velferð. Meaning "social concern for the well-being of children, the unemployed, etc." is first attested 1904; meaning "organized effort to provide for maintenance of members of a group" is from 1918. Welfare state is recorded from 1941.