(noun) The value of money and assets a person processes.
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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).
- Economic Sociology Resources – Books, Journals, and Helpful Links
- Word origin of “wealth” – Online Etymology Dictionary: etymonline.com
- market economy
- standard of living
- status symbol
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How to Cite the Definition of Wealth
ASA – American Sociological Association (5th edition)
Bell, Kenton, ed. 2013. “wealth.” In Open Education Sociology Dictionary. Retrieved March 26, 2019 (http://sociologydictionary.org/wealth/).
APA – American Psychological Association (6th edition)
wealth. (2013). In K. Bell (Ed.), Open education sociology dictionary. Retrieved from http://sociologydictionary.org/wealth/
Chicago/Turabian: Author-Date – Chicago Manual of Style (16th edition)
Bell, Kenton, ed. 2013. “wealth.” In Open Education Sociology Dictionary. Accessed March 26, 2019. http://sociologydictionary.org/wealth/.
MLA – Modern Language Association (7th edition)
“wealth.” Open Education Sociology Dictionary. Ed. Kenton Bell. 2013. Web. 26 Mar. 2019. <http://sociologydictionary.org/wealth/>.