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Wealth is anything beyond having the necessities of life covered.
If you can afford a reasonable home, your bills, food, any dependents, eating out once a week, hobbies, taking a holiday or two per year, and contributing to your retirement then you're living comfortably.
Anything beyond that is wealth, it allows you to splash out on luxury products, luxury holidays etc.
Some people may never realise they're wealthy because they live excessively and believe that's the norm, ie payments for an overpriced car, spending excessively on hobbies etc