Definition
- Wealth
- Wealth is the total value of everything a person owns, from savings and shares to a house, after taking away what they owe.
- Not to be confused with: Money
- Money is what people regularly use when buying or selling goods and services, and so both buyers and sellers must widely accept it.
Test yourself
What is the difference between wealth and money?
Money is the most liquid part of wealth; wealth also includes houses, shares and pensions.