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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 ?
Affluent Food Shoppers offers an in-depth look into the values driving affluent food shoppers and highlights the differences between the in-store choices of affluent and other food shoppers.
Despite the recent trade dispute with the US, the number of Chinese affluent individuals has been growing at a healthy pace.
Archambaud-Chao Percy Henry Junior, Executive Director of Affluent Partners Holdings Limited, said, "Since last year, the Group has been gradually maintained expansion in real estate investment business through the strategic investment and financial services segment.
In general, affluent youth tend to be more depressed, more anxious, and more likely to abuse drugs and alcohol (Luthar and Barkin, 2012; Mousseau et al., 2016; Pedersen, Bakken, and Soest, 2014; Randall, Bohnert, and Travers, 2015).
A leading Hong Kong group, Affluent Partners is mainly engaged in operating strategic investments and financial services with a large network in China and across Asia.
ECONOMIC STORMSWhile affluent consumers are generally seen as resilient and can weather economic storms, a recent study by Kantar World Panel, which tracks real-time household purchase behaviour, suggests otherwise.The study, launched in 2013, tracks household purchase behaviour representative of household demographics in Kenya.
Dubai: Supported by strong personal earnings growth in the UAE, the emerging affluent segment of the population in the country is experiencing faster social and economic upward mobility compared to many emerging markets peers, according to a recent study by Standard Chartered.
Nearly two-thirds (64%) of emerging affluent consumers in Pakistan are experiencing upward social mobility, a new Standard Chartered study shows.
An Emerging Affluent Study 2018 - Climbing the Prosperity Ladder - of Standard Chartered Bank examined views of 11,000 emerging affluent consumers - individuals who are earning enough to save and invest - from 11 markets across Asia, Africa and Middle East.
The term 'emerging affluent' defines a group of people in fast-growing economies in Asia, Africa and the Middle East who are accumulating wealth and rapidly improving their personal wellbeing.
The proportion of households earning PS100,000 or more who have bought luxury items in the last year has increased from 56% in 2017 to 69%, the YouGov Affluent Perspective study shows.
Regarding amenity priorities in residential compounds, 60% of affluent and 61% of B class clients seek green areas, while 18% of the A class and 17% of the B class have a need for malls.