How might family wealth provide deeper economic security than family income?

Q: how might family wealth provide deeper economic security than family income?

Tough question, huh? Don't worry, I'm here to help you out!

A family's wealth includes everything a family owns, like a home, other properties, savings, stocks, etc. Therefore, wealth provides a deeper economic security than income. For example, young adults who want to buy a house can turn to their parents for a down payment to get a new house, since their parents have assets. Parents with wealth can get through hard times easily. Like, if the parents got laid off, they can still pay their mortgage and continue to build equity. The families without assets, however, would be devastated if they ever got laid off. Unable to make ends meet, the families without assets would end up in a situation they weren't in before.

Hope this helped you out!

-Namira

the great awakening and enlightenment drew together all british subjects with new experiences and educational opportunities for both of them