a society in which the material benefits of prosperity are widely available
Both, following different paths, have achieved the affluent society, so called.
Frigid Fracas Dallas McCord Reynolds
A society in which scarcity of resources is not the predominant condition, and a general level of economic well-being has been achieved by most members of society. The term was made current by John Kenneth Galbraith in The Affluent Society, which described conditions in the United States after World War II.
Note: Conventional economic theory is based on the assumption that resources are scarce. Therefore, it makes increasing production in the private sector and limiting interference and regulation from the government a priority. In Galbraith’s affluent society, this priority is misplaced because scarcity is not predominant. The continued pursuit of conventional economic objectives in an affluent society leads to the conditions Galbraith observed in postwar America: private-sector affluence and public-sector squalor. For example, affluence in the private sector led to the mass availability of automobiles. Because public-sector interference (in the form of regulation and taxation) was discouraged, however, governments could not afford to build adequate roadways to accommodate those automobiles.
noun an affluent person who does not display his or her wealth in the form of material possessions Historical Examples He is one of our most affluential Trustees, and has given large sums of money toward the asylums support. Daddy Long-Legs Jean Webster adjective wealthy and influential; rich and powerful Examples The sons and daughters […]
having an abundance of wealth, property, or other material goods; prosperous; rich: an affluent person. abounding in anything; abundant. flowing freely: an affluent fountain. a tributary stream. an affluent person: a luxurious resort appealing to young affluents. Historical Examples But scarcely anywhere do we find this wonder-working grace so affluently described. The Expositor’s Bible: Ephesians […]
noun the guilt or lack of motivation experienced by people who have made or inherited large amounts of money Also called sudden-wealth syndrome Contemporary Examples affluenza is touted as a disease that seems able to remove all accountability. No, Affluenza Is Not a Real Thing Dr. Michelle K. London December 15, 2013 The term affluenza […]
something that flows to or toward a point: an afflux of blood to the head. the act of flowing to or toward; flow. Historical Examples Spirituous drinks occasion an afflux of the gastric juices, become acid, and are absorbed. North American Medical and Surgical Journal, Vol. 2, No. 3, July, 1826 Various The best mode […]