Wealth is your overall financial picture, including all your assets. Assets can be considered anything of value that can be converted into cash, including things like cash itself, real estate holdings, investments, and personal property. According to the Federal Reserve, as of September 30, 2022, the combined assets of US households and nonprofit organizations were worth about $162.5 trillion - $54.8 trillion in non-financial assets (e.g., housing, land, machinery, vehicles) and $107.7 trillion in financial assets. Here’s the Fed’s breakdown of financial assets:
A few definitions:
Directly held stocks are shares of a company that are owned directly and are registered in the purchaser's name. However, with direct ownership comes the responsibility of selecting, monitoring and deciding when to buy and sell those individual stocks and so many investors prefer indirect ownership, outsourcing all of that to the professionals who manage mutual funds or exchange-traded funds. Debt securities are financial assets that entitle their owners to a stream of interest payments. Bonds, such as government bonds, corporate bonds, municipal bonds, collateralized bonds, and zero-coupon bonds, are a common type of debt security. Like stocks, debt securities can be owned directly or indirectly.
Links:
https://investorjunkie.com/investing/mutual-funds-vs-etfs/
https://www.investopedia.com/terms/d/debtsecurity.asp
https://www.federalreserve.gov/releases/z1/dataviz/z1/balance_sheet/table/