What term describes all of a person's material assets, including land and property?

The term that describes all of a person's material assets, including land and property, is wealth. Wealth encompasses a broad array of resources an individual or household possesses, ranging from cash and savings to tangible assets such as real estate and personal property. This concept is starkly different from income, which refers to the money received regularly, typically as wages or salaries, and doesn’t account for the accumulation of material assets.

Affluence can be seen as a condition or status of having a lot of wealth, often implying a lifestyle of luxury, but it doesn't specifically define the assets themselves. Capital generally refers to assets that can be used to create wealth, such as financial investments or the means of production but is not as broad as to include all material assets. Therefore, wealth is the most accurate term to encompass all material assets possessed by an individual or family.