Wealth and privilege

Wealth refers to the possessions and financial resources a person has, such as money, property, and investments, which can provide economic security and influence. Privilege involves advantages or benefits granted to individuals based on characteristics like socioeconomic status, race, or background, often leading to easier access to opportunities and resources. While wealth can create privilege, privilege extends beyond material assets and includes societal advantages that can shape a person’s life experiences. Together, they impact an individual’s ability to succeed, access services, and navigate societal systems.