Meaning of the word affluence in English

What does affluence mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

affluence

US /ˈæf.lu.əns/
UK /ˈæf.lu.əns/

Noun

1.

the state of having a lot of money or owning many things:

Example:
What we are seeing increasingly is a society of private affluence and public squalor.
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