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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The Rich Dad Company was founded in 1997 and is based on Robert Kiyosaki's international bestseller and #1 personal finance book of all time, Rich Dad Poor Dad.
These attitudes have held constant over the last two decades -- even as politicians have decried the fact that the rich get richer while the middle class stagnates, and amid calls for increased taxes on the rich to help redistribute income.
The sadness of this story is that the rich man cannot do it.
Arthur, for example, has argued that such an obligation for the rich to give some of their wealth to those in absolute poverty contradicts their right to their private property.
Wealth Watch also showed that although good at giving, the rich are needlessly forsaking additional cash when donating to charity.
At the very least, shows like Born Rich are good advertisements for a return of the estate tax, which the great philanthropist Andrew Carnegie favored as a spur for the rich to spend their wealth on good works during their lifetimes, rather than lose it to the government.
The rich date the rich; the poor wack off to pictures of the rich in Playboy.
Point 6 of his letter refers to the Bible, to "Hosea, Jeremiah, and Isaiah' as well as "the ethical teachings of Jesus' all of which he cites as proof that "the growing gap between the rich and the poor ...
Rich Dann described the completed project as a well-rounded, artful representation of the rich aviation heritage of North Island and the San Diego area.
The rich and the successful remain under moral siege in America.
Much of the Rich Products strategy binges on the development of new product "platforms," primary technologies or product concepts from which the company can build its knowledge base and leverage its accumulated expertise.
Indeed, for all their claims that the average millionaire is very much like the guy next door, Stanley and Danko knew that their book would make them millionaires-and Philbin knew his show would be a hit--because we treat the rich as if they are somehow better than the rest of us.