Who Rules America: Wealth, Income, and Power
Geege Schuman stashed this in America
Net worth is not wealth.
Income is not wealth.
Most Americans don't realize this.
That said, there is both massive income inequality AND wealth inequality in America.
what is wealth then?
Wealth is the accumulated total. Income is the amount being made in a given timeframe.
I meant what is the difference between net worth and wealth? Is net worth a subset of wealth?
Wealth includes net worth, income, job status, network, etc.:
Wealth is everything. So even when Donald Trump was deep in debt he was still quite wealthy.