There is a close relationship between income and wealth.

Question

Quizplus · Accepted Answer

Income and wealth are both measures of financial resources, and typically individuals with higher incomes have a greater ability to accumulate wealth over time. This is because they have more disposable income to save and invest, and may also have access to other financial resources, such as favorable credit terms or inheritance. However, it is important to note that income and wealth are not interchangeable concepts - someone can have a high income but low wealth if they do not save or invest their earnings, for example.

There Is a Close Relationship Between Income and Wealth