The wealth of households amounts to USD 291 trillion (2013) and is estimated to increase by 55% in five years. The Credit Suisse Wealth Report (mid-2013) estimated that, once debts had been subtracted, an adult required just USD 4,000 in assets to be within the wealthiest 50% of world citizens.
However, at least USD 75,000 was needed to reach the top 10%, and USD 753,000 to belong to the most wealthy 1%.
Wealth provides a type of individual safety net of protection against an unforeseen decline in one's living standard in the event of job loss or other emergency and can be transformed into home ownership, business ownership, or even a college education. When a desirable or valuable commodity (transferable good or skill) is abundantly available to everyone, the owner of the commodity will possess no potential for wealth.
When a valuable or desirable commodity is in scarce supply, the owner of the commodity will possess great potential for wealth.
The German cultural historian Silvio Vietta links wealth/poverty to rationality.
Economic terminology distinguishes between wealth and income.Wealth is the abundance of valuable resources or valuable material possessions.This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem.In Western civilization, wealth is connected with a quantitative type of thought, invented in the ancient Greek "revolution of rationality", involving for instance the quantitative analysis of nature, the rationalization of warfare, and measurement in economics.The invention of coined money and banking was particularly important.