Which of the following factors does not directly affect net worth?

Net worth is calculated as the difference between total assets owned and total liabilities. This means that assets, such as property, investments, and cash, all contribute positively to net worth, while liabilities, like loans and debts, detract from it.

Income level, however, does not directly factor into the net worth calculation. While a higher income can enable a person to acquire more assets or pay down liabilities over time, it does not change the current balance of assets and liabilities at any given point. Therefore, it has an indirect influence, but it is not a factor that’s directly included in assessing net worth at the moment.

In summary, the key components affecting net worth are the assets owned and total liabilities, with debt obligations serving as a specific type of liability. Income level plays a supportive role in the financial equation but does not impact net worth directly.