Ask Question
4 February, 14:56

Family wealth means debt subtracted from salable assets. given the prevalence of debt for those in poverty, what are the possible implications for those in poverty as regards their children when they die?

+1
Answers (1)
  1. 4 February, 15:22
    0
    The scenario implies that no family wealth will be passed onto children after their parent's death because the parent's debt will cancel out any assets that were accumulated during their life.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Family wealth means debt subtracted from salable assets. given the prevalence of debt for those in poverty, what are the possible ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers