distribution of wealth

What is wealth?

Wealth is the abundance of valuable resources or valuable material possession

Wealth = What you own minus what you owe. Income is money that flows in. Wealth is money that remains after the bills are paid.

you can have high income and no wealth

you can have low income and have some wealth

assets

types of assets

• homes
• liquid assets (cash, bank deposits, readily available currency)
• real estate investment
• corporate stock, financial securities (tradable financial asset)

20ish% of the population has no or negative assets

debt

• Mortgage
• Credit card debt
• Student loans
• Auto-loans
• Commercial loans

Top 1% vs everyone else

median individual income in canada

richest 10%?

Write a one page (double spaced) conclusion about our current economic climate. Is t possible that economic policy favors wealthy people and makes it easier for them to gain more wealth than the rest of us? Does it encourage the concentration of wealth?