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Wealth and the WealthyExploring and Tackling Inequalities Between Rich and Poor$
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Karen Rowlingson and Stephen McKay

Print publication date: 2011

Print ISBN-13: 9781847423085

Published to Policy Press Scholarship Online: May 2012

DOI: 10.1332/policypress/9781847423085.001.0001

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What is wealth and who are the wealthy?

What is wealth and who are the wealthy?

Chapter:
(p.53) Three What is wealth and who are the wealthy?
Source:
Wealth and the Wealthy
Author(s):

Karen Rowlingson

Stephen Mckay

Publisher:
Policy Press
DOI:10.1332/policypress/9781847423085.003.0003

This chapter provides a more detailed discussion about what we mean by the terms ‘wealth’ and ‘wealthy’, as these are often used in different ways, and there has been too little discussion of their conceptualisation, definition and measurement. This book focuses on ‘wealth’ in the form of personal assets, particularly housing, financial and private pension wealth. The term ‘wealthy’ is more complex, and the chapter discusses a range of perspectives, particularly from sociology, on social class and elites. It draws particularly on the work of John Scott to define the wealthy (or rich) as those who can afford more exclusive and private lifestyles.

Keywords:   conceptualisation of wealth, private pension, social class, conceptualisation, wealthy

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