This information, without the information about Americans' household assets is quite useless. It's just designed to scare. If the total debt is $16T, and the t

This information, without the information about Americans' household assets is quite useless. It's just designed to scare. If the total debt is $16T, and the total assets $1.6T, you have all the reasons to be worried. But if the total assets are $16T, maybe not so much. What if the total assets are $160 T? Wait, $160T? Does such a number even exist? Yep, it exists. It's the total assets of the American households. Or more precisely, $158.8T [1] [1] https://fred.stlouisfed.org/series/BOGZ1FL192000005Q https://fred.stlouisfed.org/series/BOGZ1FL192000005Q