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Possible Answers:
DANK.
Last seen on: Daily Beast Crossword Monday, 4 December 2023
Random information on the term “DANK”:
Affluence refers to an individual’s or household’s economical and financial advantage in comparison to others. It may be assessed through either income or wealth.
In absolute terms affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of households having a net worth exceeding $250,000, as of 2019. However, when looked at in relative terms, wealth is highly concentrated: the bottom 50% of Americans only share 2% of total household wealth while the top 1% hold 35% of that wealth.
In the United States, as of 2019, the median household income is $60,030 per year and the median household net worth is $97,300, while the mean household income is $89,930 per year and the mean household net worth is $692,100.
While income is often seen as a type of wealth in colloquial language use, wealth and income are two substantially different measures of economic prosperity. Wealth is the total value of net possessions of an individual or household, while income is the total inflow of monetary assets over a given time period. Hence the change in wealth over that time period is equal to the income minus the expenditures in that period. Income is a so-called “flow” variable, while wealth is a so-called “stock” variable.