Financial progress is measured more appropriately by an increase in net worth rather than by an increase in total assets.

Question

Quizplus · Accepted Answer

Net worth takes into account liabilities and debts, while total assets do not. Therefore, an increase in net worth represents true financial progress as it shows an individual's ability to not only acquire assets but also manage their debts and liabilities effectively.

Financial Progress Is Measured More Appropriately by an Increase in Net