(noun) The value of money and assets a person processes.
Audio Pronunciation: (wealth)
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- “Wealth refers not to what people earn but what they own. Wealth is usually measured as net worth, which includes the total value of all assets owned (such as real estate, trusts, stocks, bonds, business equity, homes, automobiles, banking deposits, insurance policies, and the like) minus the total value of all liabilities (e.g., loans, mortgages, credit card and other forms of debt)” (McNamee and Miller 2013:52).
McNamee, Stephen J., and Robert K. Miller. 2013. The Meritocracy Myth. 3rd. ed. Lanham, MD: Rowman & Littlefield Publishers, Inc.