Income Is Not Wealth | Economic Participation, Part 1
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Income Is Not Wealth | Economic Participation, Part 1
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How much money do you make, and what does that number actually tell us?
In the first episode of this five-part series on economic participation, Orlando J. Alvarez examines a basic distinction that is easy to overlook: income is not wealth.
Income tells us how much money is flowing into a household. Wealth considers what we own and what we owe. Purchasing power asks a different question altogether: what can that income actually buy?
Using income-tier data, household examples, and lived experience from more than two decades in the workforce, Orlando asks whether occupying a similar place in the income distribution today necessarily provides the same economic capacity it did decades ago.
This episode establishes four concepts that will guide the rest of the series: income, purchasing power, assets, and wealth.
The objective is not to argue against wealth or prescribe an economic policy. It is to understand the relationships before reaching conclusions about them.
Next episode:
What Can Your Income Buy? examines the relationship between median household income and housing-price growth.This podcast is for educational and philosophical discussion and does not provide financial advice.