Unlike traditional wealth, social capital is a nod to the relationship connections in one’s life that cannot be given financial weight but that can be equally impactful. The collective value of social capital comes from the bonds of human networks that people create. Such a resource can help provide information, assistance and other benefits that do not carry a price tag but have distinct value. As modern society continues to shift, however, the notion of social capital is also evolving. “Today it would be hard to come up with a single definition that satisfied everyone,” according to researchers at the Organisation for Economic Co-operation and Development (OECD).
