I know that the DMG addresses this slightly on page 143 by stating that a character's wealth is equal to:
One magic item of character level +1
One magic item of character level
One magic item of character level -1
As far as gold pieces are concerned the formula is laid out on page 223 of the PHB in that a character has gold pieces equal to the cost of a magic item of their level -1.
At first glance this seems just fine for most of the Heroic Tier, but seems very underpowered towards the end of Heroic and onwards.
My question is: Has there been errata for character wealth, and/or is there a table of character wealth by level for 4th edition?
Best Answer
The rule still is: 3 uncommon items of level +1, equal level, and level -1, and gold for common items equal to level -1. After level 1, mundane gear is free, subject to GM consent.
The mechanism of granting a character 3 uncommon items and gold equal to an item of level -1 scales almost perfectly with their magic item system. The only times I've really been infuriated with it is when I'm at the edge of a tier and can't find a bloody common item to buy.
However, I still strongly recommend the use of the common and uncommon item system simply because it cuts down on unnecessary character complexity (a lesson I keep learning the hard way) and because it, in general, has a character start with a few useful items that are essential to their functioning.
There has been no errata to this to my knowledge and I feel that there is no need for this. Simply ignore the value of GP dispensed as value. (Epic characters can buy castles out of their pocket change. This is moderately depressing.)