2/17/2023 0 Comments Norton total security 2016Hence, wealth provides mobility and agency-the ability to act. Moreover, wealth provides for both short- and long-term financial security, bestows social prestige, contributes to political power, and can be leveraged to obtain more wealth. Wealth is usually not used for daily expenditures or factored into household budgets, but combined with income, it represents a family's total opportunity to secure stature and a meaningful standard of living, or to pass their class status down to their children. Īlthough different from income inequality, the two are related. Wealth commonly includes the values of any homes, automobiles, personal valuables, businesses, savings, and investments, as well as any associated debts. Wealth inequality in the United States is the unequal distribution of assets among residents of the United States.
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