wealth

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Related to affluent: Mass affluent

wealth

1. a large amount of money and valuable material possessions
2. the state of being rich
3. Economics all goods and services with monetary, exchangeable, or productive value

wealth

the value of the resources possessed by an individual or a society (compare CAPITAL).

An important issue in any society is the distribution of wealth within it. Usually, in all but the simplest of societies, the ownership of wealth is unequal, and the degree to which this is so is an important differentiating feature of types of society. In the modern world advanced industrial societies generally manifest less inequality of income than less developed societies, but inequalities in the distribution of wealth remain great, although these are often difficult to quantify, given the tendency of wealth to go often unreported – e.g. at the time of death -because it is subject to taxation.

The massive inequality in wealth which exists between societies – especially between FIRST and THIRD WORLD societies – is, of course, also a major feature distinguishing between nation states in the modern WORLD SYSTEM, and a major aspect of the potential economic and political instability of this system.

Wealth

See also Luxury, Treasure.
Weaving (See SEWING and WEAVING.)
Abu Dhabi
Persian Gulf sheikdom overflowing with petrodollars. [Mid-East Hist.: NCE, 9]
Big Daddy
wealthy Mississippi landowner of humble origins. [Am. Lit.: Cat on a Hot Tin Roof]
black and gold
symbol of financial prosperity. [Heraldry: Jobes, 222]
buttercup
traditional symbol of wealth. [Plant Symbolism: Flora Symbolica, 167]
Cave of Mammon
abode of god of riches. [Br. Lit.: Faerie Queene]
Corinth
ancient Greek city; one of wealthiest and most powerful. [Gk. Hist. and Myth.: Zimmerman, 69]
Croesus
Lydian king; name became synonymous with riches. [Gk. Myth.: Kravitz, 69]
Dives
rich man who ignored poor man’s plight; sent to Hell. [N.T.: Luke 16:19–31]
Erichthonius
world’s richest man in classical times. [Gk. Myth.: Kravitz, 91]
Fortunatus’ purse
luckless man receives gift of inexhaustible purse. [Ital. Fairy Tale: LLEI, I: 286]
Fuggers
16th-century German financiers. [Ger. Hist.: NCE, 1023–1024]
Hughes, Howard
(1905–1976) eccentric millionaire; lived as recluse. [Am. Hist.: NCE, 1284]
Midas
Phrygian king; whatever he touched became gold. [Gk. and Rom. Myth.: Wheeler, 24]
Plutus
god of wealth: blind (indiscriminate); lame (slow to accumulate); and winged (quick to disappear). [Gk. Lit.: Plutus]
Rockefeller, John D(avison)
(1839–1937) oil magnate; name has become synonymous with “rich.” [Am. Hist.: Jameson, 431]
Solomon
fabulous riches garnered from gifts and tolls. [O.T.: I Kings 10:14–25]
Timon
rich Athenian; ruined by his prodigal generosity to friends. [Br. Lit.: Timon of Athens]
turquoise
seeing turquoise after a new moon brings wealth. [Gem Symbolism: Kunz, 345]
Warbucks, Daddy
adventurous soldier of fortune and richest man in world. [Comics: “Little Orphan Annie” in Horn, 459]
wheat stalk
traditional symbol of wealth. [Flower Symbolism: Flora Symbolica, 178]
References in periodicals archive ?
The report focuses on food shopping and buying patterns of affluent food shoppers, who are defined as those with a household income of $150,000 or more.
Together, China and Japan are home to more than two-thirds of the region's affluent population.
Affluent Partners Holdings Limited and its subsidiaries is one of the world's largest merchants, purchasers and processors of pearls.
Affluent youth also tend to have more access to alcohol and resources that would protect them from legal repercussions (Cashman and Twaite, 2009a; Pedersen et al., 2014; Randall et al., 2015).
The Affluent Partners Holdings Limited's team flew to the UAE specially to celebrate this new collaboration.
9 percent while consumption dropped by six percent, driven mainly by affluent households cutting their spend by five percent.This is in stark contrast to middle- and lower-class households, whose spend has increased by five percent and four percent, respectively, suggesting affluent households are feeling the pinch the most.
The research examined the views of 11,000 emerging affluent individuals who are earning enough to save and invest from 11 markets across Asia, Africa and the Middle East.
The Emerging Affluent Study 2018 - Climbing the Prosperity Ladder - examines the views of 11,000 emerging affluent consumers - individuals who are earning enough to save and invest - from 11 markets across Asia, Africa and the Middle East.
The average figure for social mobility among emerging affluent across markets in study is 59 per cent, and of these 7 per cent are experiencing supercharged social mobility.
Interestingly, the levels of optimism of emerging affluent with these three countries when compared to their parents were higher than the reality.
However, the survey suggests that pessimism about the economy has increased at the same time, with just 13% of affluent households in the UK saying they are confident in the global economy, a decline of three percentage points on last year.
The results showed that 28% of the A class see that their units must be inside a compound compared to 20% of the B class, while 25% of affluent clients prefer to buy units inside compounds compared to 24% of the B class.