Typically,a family's wealth is greater than the family's income.

Question

Quizplus · Accepted Answer

Wealth includes assets such as property, investments, and savings, which can accumulate over time and increase a family's net worth. Income, on the other hand, refers to the money earned through employment, investments, and other sources in a given period. While income can fluctuate, building wealth usually requires long-term planning and wise financial decisions. Therefore, it is likely that a family's wealth will be greater than its income.

Typically,a Family's Wealth Is Greater Than the Family's Income