Affluence refers to the state of having a great deal of wealth or a high level of material comfort. It often includes access to luxury goods, services, and experiences that are not available to those with lower income levels. Affluent individuals or families typically enjoy a higher standard of living, which can include larger homes, expensive cars, and the ability to travel frequently.
The concept of affluence is often associated with economic indicators such as income, savings, and investments. In many societies, affluence can influence social status and opportunities, impacting areas like education and healthcare. However, it can also lead to discussions about inequality and the distribution of wealth within a community or country, such as in the case of the Gini coefficient.