Question

You have a good friend from india who has done very well as after college. his work in telecommunications has landed him a job that pays over $1,000,000, which in a country like india is an extraordinary amount. he lives in a tiny flat in the suburbs and puts all his money in the bank in his checking account. in addition, he lives off a credit card. your friend is in the category of people considered to have

Answer 1

Your friend is in the category of people considered to have HIGH INCOME.

Friend's salary is more than $1 million and he lives off a credit card. He has high income but net worth can't be determined.