The meaning of wealth is elusive to many but in a modern world that is commercialized and focuses on material pursuit there is no doubt what wealth is; money. The sooner people accept this reality; the sooner solutions to wealth disparities can be achieved.
For the blog I’ll provide the definition of wealth as defined by Investopedia, a wealth advisor of sorts.
Wealth:
The sagacious brains behind Investopedia further explain wealth:
Essentially, wealth is the accumulation of resources. People are said to be wealthy when they are able to accumulate many valuable resources or goods. Wealth is expressed in a variety of ways. For individuals, net worth is the most common expression of wealth, while countries measure bygross domestic product (GDP) or GDP per capita.
As indicated wealth is simply the value of accumulated assets. As disingenuous it might seem, this crude reality is the true meaning of wealth.
A hindrance towards accepting reality is when people romanticize the meaning of wealth. They use this flawed sensibility to construct an understanding of the poor that fails to assess their true position in society. Poor people are not wealthy despite any claims that say otherwise.
Most people during the class discussion when asked if they were wealthy responded in resounding confirmation. If the same question were to be asked to a group of students in a low-income school in an area like Anacostia, the answer would be very different. Living in America does not make a person wealthy, nor does the availability of opportunities. The absence of adequate financial resources creates disparate results even if the same opportunities are available.
Bridging income-disparities and empowering the poor is the only method through which wealth can be accessed by more people. Romanticizing the poor in this process does not help, it only undermines their position. Wealth should be taken for what it is, money.
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