Wealthy

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Wealthy

Describing a person or entity with 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 more money or assets relative to others in a society. The wealthy drive 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 are balanced. A few others believe wealthy persons ought to have most of their resources confiscated and redistributed, but this is a minority opinion.
References in periodicals archive ?
The data obtained from different countries shows that road accident costs worsen the economic wealthiness of any country.
Police believe the relative wealthiness of parts of Wirral has created a glut of young drivers from well-off families with powerful cars - and a steadily growing population of older motorists.
A Welsh consumer expert last night said the housing boom of the past decade had given homeowners an inflated sense of wealthiness. Robin Croft, principal lecturer at the University of Glamorgan's business school, said, 'The house bought for pounds 10,000 may now be worth pounds 120,000 and the mortgage hasn't changed much.