Wealth And Income

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  • Wealth and Income
    • The ownership of property, shares, savings and other assets.
      • Marketable wealth: Any type of asset that can be sold and its value realised e.g. land, shares, saving and possessions.
      • Non - Marketable wealth: Items that are not able to be sold e.g. pensions.
    • Income can be measured in two ways
      • 1) Gross Income - a measure of all sources of income before any deductions for income tax and National Insurance.
      • 2) Disposable Income - is the income that a household has available for spending and saving after income taxes have been accounted for.


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