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12/02/2025
“If I ask you what is most important in your life, you are likely to say family, friends, work, health, religion, education, and society. But we need money for all that. We cannot support a family without money. But money alone does not get us to life well-being.
“There is a huge amount of literature on well-being in psychology, sociology, and economics, but it is largely unknown to people in finance. Academic findings are precise but dry. It was fun to breathe life into dry findings by adding real-life stories that illustrate them,” says Santa Clara University Leavey School of Business Glenn Klimek Professor of Finance Meir Statman.
Statman has long advocated for bringing real human wants and behavior to the forefront of an industry that often glosses over humans as whole persons. In his newest book, A Wealth of Well-Being, Statman considers how we complicated humans balance the many domains of our lives, finances, family, friends, health, work, education, religion, and society, combining them to enhance our life well-being. https://magazine.scu.edu/magazines/fall-2024/a-wealth-of-well-being/