Why is it important to make the distinction between income and wealth?
What will be an ideal response?
Income refers to one's earnings over a specified period of time. Earnings from employment, investments (interest income), or even from underground activity all qualify as income. Wealth refers to the net value of assets and is a long-term measure of household resources. Wealth can include real estate and the value of savings and investments, not just the income they earn. Persons can have high levels of income but have very little wealth if their spending patterns prevent them from saving. Persons with modest incomes can have a significant amount of wealth if they invest wisely and save.
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Media companies owning more than one type of media property is known as
a. concentration of ownership. b. cross-media ownership. c. conglomerate ownership. d. vertical integrations.
Heterogeneous organizations (e.g., political parties and veterans' organizations) can be a source of unity in a society
a. true b. false
The results of a research study indicate that the more people exercise, the less they weigh. This is an example of ______.
A. positive correlation B. negative correlation C. quantitative analysis D. qualitative analysis
Which of the following aspects of discrimination is the focus of feminist scholar Peggy McIntosh's research?
A. African American dominance B. White privilege C. glass ceilings D. Asian minorities