Concept information
Preferred term
U.S. consumer wealth
Definition
- Consumer wealth is simply the value of assets less the debt that consumers owe. Major wealth categories are real estate, consumer durable goods, and financial assets such as checking and savings accounts, bonds, stocks, and the equity in noncorporate businesses. [Source: Encyclopedia of Social Problems; Wealth, U.S. Consumer]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/U.S._consumer_wealth
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