Real Purchasing Power reflects the value of a currency in terms of the quantity of goods and services it can buy, adjusted for inflation. It provides a more accurate measure of financial well-being by accounting for changes in price levels over time.
Wealth refers to the value of all assets owned by an individual or entity, minus all outstanding debts. It serves as a stock measure of financial well-being, distinct from income, which is a flow measure of financial performance over a period.
