By 1900, the richest ten percent controlled perhaps 90 percent of the nation’s wealth.
The whole value of a country's assets less the total value of its obligations is the country's national net wealth, sometimes referred to as national net worth. It refers to the entire amount of net wealth that a state's citizens owned at a particular moment.
Gross Domestic Product (GDP) is the gold standard used by economists and politicians around the world to assess and evaluate the wealth of nations. But there are growing calls to find alternatives to GDP to evaluate countries' wealth and welfare as more economists start to doubt GDP's genuine value.
National wealth is a crucial macroeconomic indicator because it shows the riches that a nation has amassed over time and serves as the foundation for both social and economic progress. Calculations must be laboriously performed in order to estimate the value of the nation's riches
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