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Yet wealth, like wages, remains lower than in 2007.
He recognises that there is a difference between appropriatable wealth (like land or natural resources) and accumulatable wealth (like financial or industrial capital).
For people of above-average wealth like Mr. Romney, though, frugality isn't virtuous — it's selfish.
Houses, they argue, are not paper wealth like shares; you can live in them.
"Slough off your wealth, like an animal molting in the autumn," Hamid writes.
Already the group has had an impact, even in countries of limited wealth like Mexico.
The 21st century is not about accumulating material wealth like the 20th century.
But perhaps no country has reveled in its oil wealth like Russia.
It also consumes capital that might be used to develop higher-revenue, and more stable sources of wealth, like manufacturing.
The poor souls who lose some of their initial wealth like to burn the undeserving who receive a lot.
Neither state got carried away with the housing boom, or had huge declines in household wealth like California.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com