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Edwin Pawlowski
 
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Default OT - Social Security - term definition please.



"Mark & Juanita" wrote in message
s.com...
In article ,
says...
Certainly not picking a fight here but what is meant by the term wealthy

or
rich? I hear and read this term quite a bit and, given it is an election
year, have no doubt that its frequency of use will increase.


That's simple: "wealthy" is someone who has more than you do (when
the term is being uttered by a politician to "regular folks"). The
"rich" are those who make more than you do.


That's pretty much it. You can be rich but you accumulate wealth. Rich
people have a high income and tend to spend it, but wealthy people may spend
a lot, but have assets such as real estate, bank deposits, large stock
portfolios.
Ed