wealth

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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.

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 periodicals archive ?
Leighton Aspell, who rides today, has helped out with the schooling at home, where Affluence has worked with Arch My Boy.
We hope that with Affluence Max Elite, more Filipinos will be encouraged to partner with Manulife and reap the rewards of investing early," he said.
However, with the rise of (a) environmentalism in the Global South (b) environmentalism across classes, (c) global political environmentalism, and (d) transnational environmental movements, the existing explanations of environmental concern as related to affluence need further development to capture the evidence of environmental concern across the globe.
Highlighting that higher dependency on imports of food makes it more susceptible to fluctuations in global food prices, Alpen Capital said: "Food prices are likely to increase in Qatar as food supply would be reduced due to the US drought." Otherwise, the Gulf food sector is also likely to experience robust growth in the medium to long term due to rising affluence levels, growing population, urbanisation and proliferation of organised retail trade, it said.
Fasting blood sugar, which is linked to diabetes, was only weakly related with income and affluence, but correlated with obesity.
We may re-discover the community spirit -- once a very strong feature of Cypriot society -- and the sense of social responsibility that were lost during the years of affluence. Not since 1974 has there been such a need for a community spirit.
Mr Alexander said the affluence unit, boosted from 200 to 300 staff, would cross-reference files and records to spot signs of avoidance.
This is so even though everybody in today's advanced economies enjoys levels of affluence immeasurably higher than in biblical times.
Wealth doesn't always equate to happiness, but personal satisfaction can lead to acquiring more money, say the authors of Affluence Intelligence.
Wee Ee Cheong, deputy chairman and CEO of the group, said, 'Whilst the global economy continues to grapple with various shocks, our core markets remain buoyant, reflecting the strong regional economic fundamentals and rising affluence in Asia.
That means an average 15,500 new cars hit the city's roads every week during the January-April period, in a sign of the rising affluence of the middle class.
"In the short term, market trends such as changing demographics and affluence levels, consumption of value-based services, increasing focus on service quality and the continued momentum of mergers and acquisitions (M&As) bear watching, as their impact is certain to influence shifts in buyer needs and behavior," said T.J.