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<p>[QUOTE=&quot;JDS, post: 714405, member: 20515&quot;]I think this is a matter of semantics. When I think of the word &quot;wealth&quot;, it means to me the present value of all my assets. My wealth will include my home equity, my 401K, stocks and any other assets that have not yet been liquidated. </p><p><br /></p><p>However, my &quot;wealth&quot; doesn&#039;t really benefit me much unless I decide to borrow on it as many have done with their home equity. However, when I sell assets, I will realize a profit or loss.&nbsp; </p><p><br /></p><p>Accumulating wealth provides a certain amount of security, which makes some people feel comfortable purchasing stuff. For example, when people&#039;s 401K accounts and home values were soaring, consumer spending was increasing. This is because of what is known as the &quot;wealth effect&quot;. Even though people were not cashing in their 401K&#039;s or selling their homes.[/QUOTE]</p><p><br /></p>

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