Assets

Image Source: Clipartpanda.com   An asset is a resource with economic value that can be thought of as an item that in the future can generate income and/or reduce expenses. Some personal assets are real estate, automobiles, jewelry, stocks, bonds, as well as certain life insurance. An intangible asset is an asset that isn’t...

Income

Image Source: https://www.flickr.com/photos/minidriver/394726369/ by Greg Wagoner   Income for a person is the money earned via employment and/or investments. Some examples of income include a full or part-time job(s) (salary or wage based), investments; such as buying and selling stocks, real estate/rental property, interest bearing accounts (checking or savings), etc. Basically your regular job...

Financial Wealth

Photo Credits: http://www.cbsnews.com/news/financial-wealth-its-time-not-money/ Wealth that is based on ownership of financial assets such as stocks, bonds, money, and government securities.  It is often times mistaken for the amount of money an individual makes or has in actual dollars.  A more consistent way of measuring financial wealth over time would be the number of years of financial...

Job Polarization

    Job polarization became a prevalent issue in the U.S. during the Great Recession of 2008.  It refers to expansions in high-skill, high-wage and low-skill low wage job opportunities, but diminished middle-class job opportunities.  According to MIT’s Department of Economics and National Bureau of Economic Research, this decline has disproportionately affected men without four-year college...

Wealth

Wealth is often confused as the amount of money someone earns for their work. This is in fact, income. Wealth is the measurable value of all the assets someone owns and/or controls and their debts subtracted from this amount; it is not just the valuation of liquid cash. The wealth a person controls is...

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