Income affects social class but wealth does not.

Name: Income affects social class but wealth does not.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Income and wealth both affect social class. Income is defined as the money received on a regular basis from work or investments, while wealth is the total value of one's assets minus debts. Wealth can be seen as a measure of accumulated resources and can have a strong impact on social class, as it can provide access to opportunities and resources that generate further wealth.

Income Affects Social Class but Wealth Does Not