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Significance of Wealth status

According to Theravada, wealth status pertains to an individual's condition of being wealthy or affluent. This status significantly influences their upbringing and the opportunities available to them from birth. The concept emphasizes the impact of wealth on life experiences and prospects, highlighting the role of financial resources in shaping an individual's journey in society.

Synonyms: Economic status, Affluence, Prosperity, Riches

The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.

Buddhist concept of 'Wealth status'

Buddhism Books

Wealth status in Buddhism may be interpreted as the influence of affluence on one's upbringing and opportunities, emphasizing how material conditions can shape an individual's spiritual journey and societal interactions from birth onward.

Significance in Theravada (major branch of Buddhism):
Theravada Books

From: Abhidhamma in Daily Life (by Ashin Janakabhivamsa)

(1) The condition of being wealthy or affluent, which affects the upbringing and opportunities of an individual after birth.[1]

Theravada is a major branch of Buddhism having the the Pali canon (tipitaka) as their canonical literature, which includes the vinaya-pitaka (monastic rules), the sutta-pitaka (Buddhist sermons) and the abhidhamma-pitaka (philosophy and psychology).

Hindu concept of 'Wealth status'

Hinduism Books

Wealth status in Hinduism signifies an individual's financial condition, influencing their social standing, particularly in property disputes, highlighting the intersection of economic means and societal roles within the religion.

Significance in Arthashastra (politics and welfare):
Arthashastra Books

From: Kautilya Arthashastra

(1) The financial condition or means of a person, which can affect their standing in disputes involving property.[2]

Arthashastra literature concerns itself with the teachings (shastra) of economic prosperity (artha) statecraft, politics and military tactics. The term arthashastra refers to both the name of these scientific teachings, as well as the name of a Sanskrit work included in such literature. This book was written (3rd century BCE) by by Kautilya, who flourished in the 4th century BCE.