wealth

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Related to prosperity: Prosperity Gospel

Wealth

The state of having strong financial resources. There is no strict definition of how much one needs to have in order to be "wealthy," but, in general, it refers to one with significantly more assets than liabilities. However, socially, a person with too much debt may be considered to be wealthy because others are not aware of his/her true financial state. Excess wealth (and wealthy persons) drives economic growth. Some believe this ought to be encouraged, as it eventually makes the remainder of society wealthier. Others, however, believe growth is strongest when the needs of multiple classes, and not just the wealthy, are balanced. A few others believe most wealth ought to be confiscated and redistributed, but this is a minority opinion.

wealth

the total stock of ASSETS owned by the population of a country. Wealth represents past income flows which have been used to buy such assets as houses, land, stocks and shares etc. One commonly used measure of wealth in the UK is that of ‘marketable wealth’, consisting of those assets which are readily saleable. Wealth in the UK, like income, (see DISTRIBUTION OF INCOME), is unevenly distributed (see Fig. 89). See WEALTH TAX.
Wealthclick for a larger image
Fig. 197 Wealth. The distribution of marketable wealth in the UK, 2002. The total includes land and dwellings (net of mortgage debt), stocks and shares, bank and building society deposits and other financial assets but excludes life assurance and pensions. Source: Social Trends, 2004.

wealth

the stock of net ASSETS owned by individuals or households. In aggregate terms, one widely used measure of the nation's total stock of wealth is that of ‘marketable wealth’, that is, physical and financial assets that are in the main relatively liquid. In 2002, marketable wealth in the UK totalled around £3,400 billion (this excludes life assurance and pension entitlements, which account for some one-third of all wealth assets but which are not readily liquid). Marketable wealth is not equally distributed in the UK, as Fig. 197 shows. In 2002, the richest 5% of the population owned 43% of marketable wealth.
References in classic literature ?
Oh," replied the wretched woman, mournfully shaking her head, "the prosperity of which you speak, and which, from the bottom of my heart, I pray God in his mercy to grant him, I can never enjoy.
Prosperity is the blessing of the Old Testament; adversity is the blessing of the New; which carrieth the greater benediction, and the clearer revelation of God's favor.
We shall constitute one-third and more of the ignorance and crime of the South, or one-third its intelligence and progress; we shall contribute one-third to the business and industrial prosperity of the South, or we shall prove a veritable body of death, stagnating, depressing, retarding every effort to advance the body politic.
She contemplated Pete's man-subduing eyes and noted that wealth and prosperity was indicated by his clothes.
We must make friends in prosperity if we would have their help in adversity.
Keesh and his mother moved into it, and it was the first prosperity she had enjoyed since the death of Bok.
From 30d to 175d is ours--from 30d to 175d is peace, prosperity and happiness.
The power which the government possesses, by means of forced labour, of at once opening good roads throughout the country, has been, I believe, one main cause of the early prosperity of this colony.
Within the Church were many sincere and able men unselfishly devoting their lives to the service of their fellows; but the moral tone of the organization as a whole had suffered from its worldly prosperity and power.
I look upon these five years as the first epoch of prosperity in the history of our town," the doctor went on after a pause.
Believe me, believe me, madam, it is you alone have given a relish to that prosperity, since I owe to it the dear hope O
You who see your betters bearing up under this shame every day, meekly suffering under the slights of fortune, gentle and unpitied, poor, and rather despised for their poverty, do you ever step down from your prosperity and wash the feet of these poor wearied beggars?