Wealth vs. Welfare — What's the Difference?

Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating old English word weal, which is from an Indo-European word stem.

Welfare is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specifically to social insurance programs, which provide support only to those who have previously contributed (e.g.

An abundance of valuable material possessions or resources; riches

The health, happiness, and fortunes of a person or group

The state of being rich; affluence

Statutory procedure or social effort designed to promote the basic physical and material well-being of people in need

Goods and resources having value in terms of exchange or use

Health, happiness, and good fortune; well-being

A great amount; a profusion

Financial or other aid provided, especially by the government, to people in need.

Riches; a great amount of valuable assets or material possessions.

See welfare work.

(countable) A great amount; an abundance or plenty.

See corporate welfare.

Prosperity; well-being; happiness.

(uncountable) Health, safety, happiness and prosperity; well-being in any respect.

Weal; welfare; prosperity; good.

Various forms of financial aid provided by the government to those who are in need of it (often called welfare assistance in UK English).

Large possessions; a comparative abundance of things which are objects of human desire; esp., abundance of worldly estate; affluence; opulence; riches.

Such payment.

In the private sense, all pooperty which has a money value.

(transitive) To provide with welfare or aid.

The state of being rich and affluent; having a plentiful supply of material goods and money;

Well-doing or well-being in any respect; the enjoyment of health and the common blessings of life; exemption from any evil or calamity; prosperity; happiness.

The quality of profuse abundance;

Governmental provision of economic assistance to persons in need

An abundance of material possessions and resources

Something that aids or promotes well-being;

Property that has economic utility: a monetary value or an exchange value

A contented state of being happy and healthy and prosperous;