A Wealth of Well-Being

Unravel the complex relationship between finances and life well-being In A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, Professor Meir Statman, established thought leader in behavioral finance, explores how life well-being, the overarching aim of individuals in the third generation of behavioral finance, is underpinned by financial well-being, and how life well-being extends beyond financial well-being to family, friendship, religion, health, work, and education. Combining recent scientific findings by scholars in finance, economics, law, medicine, psychology, and sociology with real-life stories at the intersection of finances and life, this book allows readers to clearly see how finances are intertwined with life well-being. In this book, readers will learn: How dating, marriage, widowhood, and divorce are all affected by finances and affect them Why the relationship between parents, grandparents, children, and friends changes as finances fluctuate How finances affect choices of education, such as colleges, and how these choices vary across different cultures around the world A Wealth of Well-Being: A Holistic Approach to Behavioral Finance earns a well-deserved spot in the libraries of financial advisors, financial planners, investors, and all individuals looking to move beyond standard finance and enhance both financial well-being and life well-being.

Introduction 1 Chapter 1: Financial, Social, Cultural, and Personal Capital 7 Chapter 2: Financial Capital 19 Chapter 3: Saving and Spending 35 Chapter 4: Investing 51 Chapter 5: Dating and Marriage 61 Chapter 6: Widowhood and Divorce 81 Chapter 7: Parents and Children 91 Chapter 8: Elderly Parents, Grandparents, Siblings, and Pets 115 Chapter 9: Friendship 135 Chapter 10: Health 153 Chapter 11: Work 169 Chapter 12: Education 197 Chapter 13: Religion 227 Chapter 14: Society 235 Chapter 15: Conclusion 263 Notes 269 About the Author 367 Author Index 369 Subject Index 381