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Debt is how much (negative) money you have. Net worth also takes non-monetary assets into account. If you take out a loan to buy a house your debt increases but
by im3w1l-alt 6y ago
Debt is how much (negative) money you have. Net worth also takes non-monetary assets into account. If you take out a loan to buy a house your debt increases but your net worth is constant.
- eru 6y agoAnd, of course, every debt is also an asset on someone else's balance sheet.
- 082349872349872 6y agoSo combined US assets are worth a great deal, enough so the declining equity position of (consumers+businesses+government) in those assets has not been significant. That makes sense. Thank you.
- itsoktocry 6y ago>So combined US assets are worth a great deal Aggregate US household net worth is now upwards of $100 trillion. That puts the $25 trillion in US National debt in perspective.