In Denmark we briadly call this distinction "the good life" (det gode live). Children are usually made to write something (an essay mostly) about it during their last few years in public school.
The concept is exactly the philosophical implications of what a "good" life even is. How you can maintain and sustain a "good" life in a world where everyone else is trying to do the same. How your "good" life will sometimes be in tension with other people's, and how it'll even change for you as you live it.
"Wealth" is a terrible measure of a "good" life, but for some reason it's the dominant one in the modern world.
The concept is exactly the philosophical implications of what a "good" life even is. How you can maintain and sustain a "good" life in a world where everyone else is trying to do the same. How your "good" life will sometimes be in tension with other people's, and how it'll even change for you as you live it.
"Wealth" is a terrible measure of a "good" life, but for some reason it's the dominant one in the modern world.