net worth

(noun)

The total assets minus total liabilities of an individual or a company.

Related Terms

Examples of net worth in the following topics:

  • Wealth

    • Wealth is commonly measured in terms of net worth, which is the sum of all assets, including home equity, minus all liabilities.
    • Wealth in the United States is commonly measured in terms of net worth, which is the sum of all assets, including home equity, minus all liabilities.
    • The wealth—more specifically, the median net worth—of households in the United States varies with relation to race, education, geographic location, and gender.
    • This graph shows changes in the average net worth of families in each decile of the U.S. income hierarchy.
    • In recent years, the average net worth of high-income families has grown significantly more than that of middle and lower-income families.

  • The Upper Class

    • Households with a net worth of $1 million or more may be identified as members of the upper-most socioeconomic demographic, depending on the class model used.
    • While most contemporary sociologists estimate that only 1% of households are members of the upper class, sociologist Leonard Beeghley asserts that all households with a net worth of $1 million or more are considered "rich. " He divides the rich into two sub-groups: the rich and the super-rich.

  • Social Correlates of Religion

    • The median net worth of people believing in the Jewish religion is calculated at $150,890, while the median net worth of conservative Protestants (including Baptists, Jehovah's Witnesses, Seventh-day Adventists, and Christian Scientists) was found at $26,200.

  • Racism

    • Disparities in wealth, net worth, and education lend credence to this idea.

  • Racism

    • Disparities in wealth, net worth and education lend credence to this idea.
    • The figure below illustrates how historical racism has resulted in lower odds of inter-generational transmission of wealth, which, in turn, reduces net worth for racial and ethnic minorities in the U.S.Historical racism also relies upon the ongoing "whitening" of social history by educational, political, and economic elites.

  • Introduction: A picture is worth...

    • In this chapter, we will look at some commonly used techniques for visualizing graphs using NetDraw (version 4.14, which is distributed along with UCINET).

  • Making UCINET datasets

    • The Data>Import>... menu item supports import from NetDraw (VNA format), Pajek, Krackplot, and Negopy.
    • So, if you started with a NetDraw drawing, for example, and saved the results as VNA, you may import this into UCINET for calculating network measures.
    • But, there are a number of circumstances where it is well worth the effort -- when compared to using a spreadsheet.

  • Notes

    • It is worth noting that many historical scientists, philosophers, and statesmen appear racist by late-20th century standards.

  • A few hints on data handling with NetDraw

    • There are several ways to get data into NetDraw.Probably the simplest is to import data from UCINET or Pajek.The File>Open command lets you read a UCINET text (DL) file (discussed elsewhere), and existing UCINET dataset, or a Pajek dataset.This menu also is used to access data that have been stored in the native data format of the NetDraw program (.VNA format).Once the data has been imported with the Open command, the node and line attribute editors of NetDraw can be used to create a diagram that can be saved with colors, shapes, locations, etc.
    • The third method is to use an external editor to create a NetDraw dataset (a .vna file) directly.This file is a plain ascii text file (if you use a word processor, be sure to save as ascii text).The contents of the file is pretty simple, and is discussed in the brief tutorial to NetDraw.Here is part of the file for the Knoke data, after we have created some of the diagrams we've seen.
    • The *Tie properties section is probably best created by using NetDraw and saving the resulting file.Each tie is identified by origin and destination, and its color and size are set.Here, certain ties are not to be visible in the drawing (the "active" property is set to "FALSE").
    • When you are working with NetDraw, it is a good idea to save a copy of your work in the format (.vna, above) that is native to the program (File>Save Data As>Vna).This format keeps all of the information about your diagram (what's visible and not, node and line attributes, locations) so that you can re-open the diagram looking exactly as you left it.
    • You may also want to save datasets created with NetDraw to other program's formats.You won't be able to save all of the information about node and line properties and locations, but you can save the basic network (what are the nodes, which is connected to which) and node attributes.

  • Exchange

    • As articulated by social exchange theory, individuals only stay in relationships when they determine that the exchange that will result from being in that relationship is worth the cost.
    • Rational choice theory supposes that every individual evaluates his/her behavior by that behavior's worth, which is a function of rewards minus costs.
    • Social exchange theory posits that individuals perform the calculus of worth when decided to form or maintain a relationship with another person.
    • However, so long as the individual's decision-making regarding the formation of social relationships involves an evaluation of worth, regardless of what that means to the person, the behavior fits the frame established by social exchange theory.