Wealth

Definition

Wealth encompasses the total value of all assets owned by an individual or household minus any debts. It includes tangible assets like property and money, as well as intangible assets such as stocks and bonds.

Related terms

Income: The regular inflow of money through work, investments, or other sources that contributes to an individual's or household's financial resources.

Social Stratification: The hierarchical arrangement in society by which groups have different access to resources, power, and perceived social worth.

Assets: Items of value owned by an individual or organization that can be converted into cash