This chapter summarizes what we know about value—SWB relations and identifies some of what we do not know but would like to know. We first discuss the nature of values and the structured system they form. We draw on the ten values in the Schwartz (1992) theory that form a circular motivational continuum. We note three theoretical perspectives on relations of values to SWB. The first perspective seeks to explain direct relations between values and SWB. A second generation of direct relations research explains variation in relations across samples by pointing to societal-level moderators. The second perspective examines the congruence (or similarity) between people’s values and the values prevailing in their environment as a determinant of SWB. The third perspective sees the attainment of valued goals as the source of SWB. We present these perspectives and the literature based on them, and note ideas for future research throughout.