Question

Which of the following statements best explains why income alone does not determine wealth?

A)Investing is the only factor that contributes to wealth building.
B) Income alone does determine a personʹs wealth.
C) Only people who are natural savers can become wealthy.
D) How much money a person makes does not dictate his or her spending and saving
behavior.

Answer 1

D) How much money a person makes does not dictate his or her spending and saving behavior.

Income is only one input; saving, spending, investing, debt, and other choices determine whether income becomes wealth.