If a recently retired professional baseball player had accumulated assets of $15 million but is currently teaching part-time at a local high school for $15,000 a year, then he has

Question

Quizplus · Accepted Answer

The retired baseball player has a low annual income from teaching ($15,000), which is considered low by most standards, especially in comparison to professional athletes' earnings. However, with accumulated assets of $15 million, he has high wealth. Therefore, the correct answer is low income and high wealth.

If a Recently Retired Professional Baseball Player Had Accumulated Assets