In the United States,the average family's wealth is typically greater than the average family's annual income.

Question

Quizplus · Accepted Answer

Wealth refers to the total value of assets owned by an individual or family, including things like savings, investments, and property. Annual income, on the other hand, refers to the money earned during a single year. Since wealth is accumulated over time and can include assets that generate income (such as stocks or rental properties), it is typically higher than annual income.

In the United States,the Average Family's Wealth Is Typically Greater