Wealth, as a concept, is often narrowly construed as a matter of finances—a sum of assets, investments, and monetary resources. However, true prosperity is multidimensional. Over the years, scholars, thought leaders, and personal development experts have increasingly recognized that wealth comes in various forms. Sahil Bloom (whom we have previously reviewed) looks at wealth in terms of time, mental, physical, financial and social.
Social Wealth, so to speak, relates to one of my goals for 2026. I aim to make at least one new friend this year. An article on relationships I recently read indicated that most people have five close friends and about 150 others. Those 150, I call acquaintances. I enjoy their company but likely would not call upon them if I needed something. Although if truth be told, I would gladly come to their rescue if they called me. Go figure!
Social wealth is the fabric of relationships and connections that enrich an individual’s life and empower communities. Unlike financial wealth, which is measured in currency, social wealth is measured by the quality, quantity, and depth of human interactions, networks, and communal bonds. Social wealth is built on trust, reciprocity, and shared values.
Strong social ties can buffer adversity, provide emotional support, and offer opportunities that might not be accessible otherwise. People with robust social wealth tend to experience greater happiness, resilience, and longevity.
Dr. Ezekiel Emanuel recently appeared on CBS Sunday Morning, talking about wellness. Interestingly, he identified social interaction as essential to wellness and longevity. Dr. Dan Buettner of “Blue Zones” fame similarly identified relationships having a positive impact on people’s lives. Dr. Emanuel suggested one should not eat alone. Even if you don’t a have someone to eat with, you could strike up a conversation with someone sitting near you at a restaurant. (Personally, this would be difficult for introverts, but I understand his motivation.)
Building social wealth takes time and requires intentionality. Most people want to have others in their lives.A friend and I were discussing relationships, and we both agreed that nurturing them takes time and effort. She expressed frustration with a friend who regularly joined her for dinners, either out or at her place, but never reciprocated the invitations. Sometimes, it might be necessary to be the “instigator” in such a relationship. Some people simply don’t put in the extra effort, perhaps because they don’t know how. However, that’s a topic for another conversation.
In today’s digital era, social wealth extends beyond physical boundaries. Online communities, professional networking platforms, and global connectivity offer new ways to forge relationships and build influence. Mary Ann and I have Zoom conversations a couple of times a month. Although we live 1500 miles apart, we can continue a connection by seeing each other on our computer screens. We have virtual “coffees” which are just as effective and meeting at a local coffee shop.
Research consistently finds that social wealth is a major determinant of well-being. People with strong social connections have lower rates of depression, anxiety, and chronic illness. They are more likely to recover from setbacks and achieve personal and professional success. In many societies, especially those driven by capitalism and competition, financial wealth is often celebrated as the pinnacle of achievement. Yet, as myriad studies and lived experiences show, social wealth may be the most enduring and undervalued resource. Friendships, family, and communal support can outlast fortune, status, and power. In moments of crisis, it is social wealth—not financial wealth—that most reliably sustains individuals.
So as retirees, what can we do to expand our social interactions?
- Join and participate in local groups: Whether a sports league, volunteer organization, or professional association, being part of a group fosters connection.
- Practice gratitude and generosity: Express appreciation for others and offer help when possible.
- Develop communication skills: Honest, empathetic communication deepens relationships.
- Pursue shared interests: Hobbies and passions bring people together in common purpose.
- Maintain regular contact: Reach out to friends and family, even if just to check in.
- Embrace diversity: Value relationships with people of different backgrounds, cultures, and perspectives.
Ultimately, to live fully is to cultivate social wealth as a guiding star. In doing so, we build lives and societies marked not just by prosperity, but by meaning, resilience, and joy. Best wishes to you; I’m on my way out to find another new friend!
Silver Sage Sisters 