In a word, it's complicated, says Alexandra Nortier, National Wealth Management joint head for Investec Wealth & Investment. And the answer may lie more in how you spend than what you have.
The term wealth is often used interchangeably with money. Many dictionaries define wealth as the value of accumulated assets. If we dig deeper into the etymology of the word “wealth”, we discover that its Middle English origin is in fact wellbeing, or the welfare of people and their general happiness and joy.