What is the difference between rich and wealthy?

these people don't know economic theory

Rich = In posession of vast money

Wealthy = In posession of things that make vast money (factories, resources, other properties- namely: capital)

As you can see, they often go hand in hand, but not necessarily so. You can be rich but not wealthy (inheritence from a parent or relative), or you can be wealthy but not rich (you give your profits to the poor through charity, etc.) The former is obviously much more common

Globally speaking we,people in Europe and America are all filthy rich

Half the world — nearly three billion people — live on less than two dollars a day.

The GDP (Gross Domestic Product) of the poorest 48 nations (i.e. a quarter of the world’s countries) is less than the wealth of the world’s three richest people combined.

Nearly a billion people entered the 21st century unable to read a book or sign their names.

Less than one per cent of what the world spent every year on weapons was needed to put every child into school by the year 2000 and yet it didn’t happen.

1 billion children live in poverty (1 in 2 children in the world). 640 million live without adequate shelter, 400 million have no access to safe water, 270 million have no access to health services. 10.6 million died in 2003 before they reached the age of 5 (or roughly 29,000 children per day).

But I guess those people just lack PERSONAL RESPONSIBILITY,huh?

I think we all are highly decadent and morally despicabnle for allowing this to continue just so we can live in luxery,all of us

Poverty is the state for the majority of the world’s people and nations. Why is this? Is it enough to blame poor people for their own predicament? Have they been lazy, made poor decisions, and been solely responsible for their plight? What about their government? Have they pursued policies that actually harm successful development? Such causes of poverty and inequality are no doubt real. But often less discussed are deeper and more global causes of poverty.

Behind the increasing interconnectedness promised by globalization, are global decisions, policies, and practices. These are typically influenced, driven, or formulated by the rich and powerful. These can be leaders of rich countries or other global actors such as multinational corporations, institutions, and influential people.

In the face of such enormous external influence, the governments of poor nations and their people are often powerless. As a result, in the global context, a few get wealthy while the majority struggle

The rich has money and the wealthy has more money. When someone calls as person rich just like executives, that person is only above the ordinary while a wealthy person is someone who is really one that has enormous properties like owning big companies.

Being rich means that you have a lot of money. Wealthy means that you and your entire line (family) are rich. Wealth means that you have influence within social and political circles.

Rich is new money

Wealthy is old money

Or wealth is so much money you can ignore what the world thinks of you and carry on in the lifestyle you are accustomed to.

Being rich means you have a lot of money you probably still have to work for it. Being weathly means that you own things that make you rich. Your money works for you.

Rich has powers and poor don't. Rich always get rich and poor always stay poor. Rich always need poor to get rich but poor doesn't rich to get poor. Poor has more pirde then rich.

Rich= new money

Wealthy= old money

Their sh** all smells the same!

Who cares? I don't fit either category, and I bet you don't either (Or you wouldn't have to ask.) (Besides, it's not "proper" to ask)

does it matter? hang on, i hear my dog...