What is the difference between distribution of wealth and distribution of income?

Question by cwaller1983: What is the difference between distribution of wealth and distribution of income?
I am wanting to know how the distribution of wealth can be distinguished from the distribution of income? In addition, what is the key determining factor in these two ideas?

Best answer:

Answer by Da Man
Wealth is the overall measure of how “rich” a person is.

Income is how much a person earns.

Therefore, distribution of wealth refers to the distribution that benefits everyone because it divides everything equally.

Distribution of income is great too but it leaves more for some because in this type of distribution, only 1 part of wealth is divided (income).

In short,
Distribution of Wealth=everything
Distribution of Income=part

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