Which of the following increases your net worth?

Question

Quizplus · Accepted Answer

An increase in retirement savings directly increases your assets, which in turn increases your net worth. A pension plan also contributes to your net worth, but it depends on the plan and how much you have contributed. Borrowing to invest can be risky and may result in losses, so it does not necessarily increase your net worth. Purchasing a new car may increase your assets, but it also increases your liabilities, resulting in a zero net effect on your net worth.

Which of the Following Increases Your Net Worth