I wish it had a source on the data or an explanation on the chart, I wonder what the actual determinate for “family wealth” means.
is it the total liquid cash saved up by one person? By a family or household? Does it include assets and stocks? Is it simply the annual income of someone?
Wealth in economics refers to the amount of assets (home, stocks, cash, bonds, art, etc.) That one owns. Wealth is a lot easier to grow than income is.
Family wealth likely refers to a single family unit, ie parents and kids.
I wish it had a source on the data or an explanation on the chart, I wonder what the actual determinate for “family wealth” means.
is it the total liquid cash saved up by one person? By a family or household? Does it include assets and stocks? Is it simply the annual income of someone?
Wealth in economics refers to the amount of assets (home, stocks, cash, bonds, art, etc.) That one owns. Wealth is a lot easier to grow than income is.
Family wealth likely refers to a single family unit, ie parents and kids.