Editing Wealth (section)

==Versus social class==
{{multiple image | total_width=450
| image1= Global Wealth Distribution 2020 (Property).svg |caption1= Global share of wealth by wealth group, Credit Suisse, 2021
| image2= Global-share-of-wealth-by-wealth-group-768x409.png |caption2= Global share of wealth by wealth group, Credit Suisse, 2017
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[[Social class]] is not identical to wealth, but the two concepts are related (particularly in [[Marxist philosophy|Marxist theory]]),<ref name=":0">{{cite book|author=Grant, J. Andrew|title=Routledge Encyclopedia of International Political Economy: Entries A–F|publisher=Taylor & Francis|year=2001|isbn=978-0415243506|editor=Jones, R.J. Barry|page=161|chapter=class, definition of|chapter-url=https://books.google.com/books?id=a29qBofx8Y8C&pg=PA161}}</ref> leading to the concept of [[socioeconomic status]]. Wealth at the individual or household level refers to value of everything a person or family owns, including [[personal property]] and [[financial asset]]s.<ref>{{Cite web|last=Team|first=The Investopedia|title=Wealth Definition|url=https://www.investopedia.com/terms/w/wealth.asp|access-date=2021-06-13|website=Investopedia|language=en}}</ref>

In both Marxist and Weberian theory, class is divided into [[Upper class|upper]], [[Middle class|middle]], and [[lower social class|lower]], with each further subdivided (e.g., [[upper middle class]]).<ref name=":0" />

The upper class are schooled to maintain their wealth and pass it to future generations.<ref name="Sherraden, Michael 1991">Sherraden, Michael. ''Assets and the Poor: A New American Welfare Policy''. Armonk: [[M. E. Sharpe]], Inc., 1991.</ref>

The middle class views wealth as something for emergencies and it is seen as more of a cushion. This class comprises people that were raised with families that typically owned their own home, planned ahead and stressed the importance of education and achievement. They earn a significant income and consume many things, typically limiting their savings and investments to retirement [[pension]]s and home ownership.<ref name="Sherraden, Michael 1991" />
Below the middle class, the [[working class]] and [[Poverty|poor]] have the least amount of wealth, with circumstances discouraging accumulation of assets.<ref name="Sherraden, Michael 1991" />