Question

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

wealth?
Investing is the only factor that contributes to wealth building,
How much money a person makes does not dictate his or her spending and saving
behavior.
Income alone does determine a person's wealth.
Only people who are natural savers can become wealthy.

Answer 1

`\boxed {\boxed {\sf B. \ How \ much \ money \ a \ person \ makes \ doesn't \ dicate \ their \ spending/saving \ behaivor }}`

Step-by-step explanation:

Wealth is the amount of assets someone has, minus the debts.

It is made up of a variety of assets, like cars/vehicles, homes/real estate, stocks, savings, income, bonds, and more.

In addition, the debts have to be subtracted. Each person has a different amount of debt, depending on their situation (education, home, vehicle, business, etc). Also, everyone spends different amounts of money, and saves differently.

So, the best answer is: how much money a person makes does not dictate his or her spending and saving behavior.