Wealth represents a deeper inequality than earnings or income.

Question

Quizplus · Accepted Answer

Wealth is a measure of the total assets a person or household holds, including savings and assets such as property, investments or inheritances. It represents a deeper inequality than earnings or income as it often reflects cumulative advantages and disadvantages over time, such as access to education, intergenerational wealth, and opportunities to accumulate assets. Census data shows that wealth disparities are often much greater than income disparities.

Wealth Represents a Deeper Inequality Than Earnings or Income