Skip to main content

Search from vocabulary

Content language

Concept information

Preferred term

intergenerational transmission of wealth  

Definition

  • Wealth is the sum of an individual's or household's assets, including real assets such as houses, vehicles, and real estate, and financial assets such as checking and savings accounts, stocks, and bonds. Wealth is often used synonymously with net worth, which refers to the difference between one's total assets and total debts. [Source: Encyclopedia of Diversity in Education; Intergenerational Transmission of Wealth]

Broader concept

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/intergenerational_transmission_of_wealth

Download this concept: