Wealth

We have all heard the aphorism "Health is wealth." It is often proffered as consolation for the financially impoverished. "Never mind that you're not rich," some well-meaning counselor would say. "At least you're healthy, and that's better than all the money in the world." It's a nice little phrase to toss, but it glosses over a big sad truth: poor people are seldom as healthy as the rich. In the real world, wealth is health. If you're not wealthy, no matter how healthy you seem to be right now

James Madison once stated inequality of the rich and poor predicament to be “evil” and believed that the government should avoid an “immoderate, and especially unmerited, accumulation of riches” (Johnston, 2016). As one of the founding fathers of our nation, James Madison had a concern about the separation between the rich and the poor. He felt the government should do what it could to avoid the separation, which one can infer that he meant for the government to tax the rich by a greater percentage

Wealth is an individual’s or household’s well-being. Income is the money we receive. Income and wealth inequality means there is difference. There is a lack of equality in relations to the money we receive and how we spend it. The poor and middle-class merely make enough to make ends meet and afford the necessities they need. On the other hand the rich over consume. Emulative consumption was described over 100 years ago by Thorstein Veblen in his Theory of the Leisure Class. In an unequal world

Plight of the Wealthy Income inequality in the United States has developed since the nineteenth century and the industrial age. Historically the Rockefellers, Carnegies, and Mellons of the industrial age were the individuals that understood that wealth was capable of transforming anyone’s life if society provided the window of opportunity. For those men the industrial age brought significant social change that forever changed the landscape of the American work force, and began a surge of possibilities

happiness, and save lives. The point is, money has a large amount of influence in the world, so it is quite surprising when money management is an issue. Everyone should have at least basic knowledge of money management, so upon reading Wired For Wealth I understood why it is part of the curriculum. This is why I am going to summarize the chapters and show what I have learned in each chapter. In chapter one, it explains that money scripts, or beliefs about money, all stem from our childhood environment

“No amount of money will make you happy if you're not happy about yourself,” a self explanatory quote that explains money’s not truly people's happiness. Everyone thinks that if you're wealthy then it will solve all of your problems and you will live a very happy life. However, is not actually true. In a Raisin in the Sun, a play by Lorraine Hansberry, is about an African American family in the 1950s, who live in poverty, receive a check for 10,000 from Life Insurance. The check that could possibly

of gold”, or the wealth, extravagance and prosperity of the upper class. During this time people were eager to increase their wealth and improve status to achieve the American Dream, or what they believed to be true happiness. What they failed to realize was that, no matter how much wealth they accumulated there were some things they still could not have, and some problems that could not be solved, they were just able to hide these issues behind the pretense of their money. Wealth is portrayed in

were among the first to propose solutions. Carnegie’s idea, called “The Gospel of Wealth,”

Does wealth equal happiness? According to the novel Great Expectation by Charles Dickens, the correlation between wealth and happiness is debatable, depending on the person and their lifestyle. For example, Herbet viewed money as a blessing but not something that necessarily brings him happiness; however, for Pip he can never have enough money and it is his idea of happiness. Herbert was born wealthy so in his state of mind it is casual to have exceptional amount of money. When Pip transform to a

1. The norms for the super wealthy are being able to go to the best private schools, having a ton of money, being able to vacation anywhere, and having the opportunity to choose whether or not they want to work. Typical appropriate behaviors for them include dressing to their families’ standards, attending the best places, and not talking about their money to anyone. The considered taboo among this group is the inherited money from being born rich. 2. The values of the super wealthy are their family