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wealth inequality
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is the unequal distribution of assets among residents of the United States
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for example the difference in wealth between two parties. like the rich verses the poor
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the wealth gap between white and black families nearly tripled from $85,000 in 1984 to $236,500 in 2009
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wealth includes the values of homes, automobiles, personal valuables, businesses, savings, and investments
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income refers to a flow of money over time in the form of a rate (per hour, per week, or per year)
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wealth is a collection of assets owned minus liabilities
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rich
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poor
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