Income+and+Wealth+in+America

Income and Wealth in - Income and Wealth in America INCOME Income is money that flows in Your paycheck government benefit check dividend check or

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Income and Wealth in America
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INCOME Income is money that flows in. Your paycheck, government benefit check, dividend check or your profit from selling an investment. Marketable Assets Real Estate Stocks & Bonds Doesn’t include consumer durable items like cars and household items because they are not as readily converted into cash
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NET WORTH Marketable Assets minus all debts, including mortgages, credit card debt, etc. It’s what you own MINUS what you owe. It’s what you have in the bank and the liquid assets you own. 18% of the population currently has no assets or negative assets – they owe more than they own.
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Can Have High Income and No Wealth DEBT! Mortgage Credit Cards Student Loans Auto Loans Consumer Loans Can Have Low Income and Still Have Some Wealth ASSETS: Homes Liquid Assets (cash, bank deposits, money market funds, pensions) Investment real estate Corporate stock, financial securities, trusts
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This note was uploaded on 02/14/2012 for the course 575 101 taught by Professor Magyar during the Fall '11 term at Rutgers.

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Income and Wealth in - Income and Wealth in America INCOME Income is money that flows in Your paycheck government benefit check dividend check or

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