Question

According to sociologists, which of the following is considered part of wealth?

Answer 1

Answer: B. The money that people inherit from their parents.

Wealth refers to the amount of money a person has in savings, investments, real state and cash, less any debts. The purpose of measuring debt is knowing what is the net worth of a person. People often mistake income for wealth. However, while income is the amount a person earns, wealth takes into account how much that person ends up spending in things such as loans and mortgages. It also takes into account sources of money that are not related to income, such as inheritances.

Answer 2

B. the money that people inherit from their parents