Wealth: Difference between revisions

[[Social class]] is not identical to wealth, but the two concepts are related (particularly in [[Marxist philosophy|Marxist theory]]), leading to the concept of [[social class]].<ref name=":0">{{cite book|author=Grant, J. Andrew|title=Routledge Encyclopedia of International Political Economy: Entries A–F|publisher=Taylor & Francis|year=2001|isbn=978-0-415-24350-6|editor=Jones, R.J. Barry|page=161|chapter=class, definition of|chapter-url=https://books.google.com/books?id=a29qBofx8Y8C&pg=PA161}}</ref> leading to the concept of [[socioeconomic status]]. Wealth at the individual or household level refers to value of everything a person or family owns, including [[personal property]] and [[Financial asset|financial assets]].<ref>{{Cite web|last=Team|first=The Investopedia|title=Wealth Definition|url=https://www.investopedia.com/terms/w/wealth.asp|access-date=2021-06-13|website=Investopedia|language=en}}</ref>