Like I said, not that bad yet but moving in that direction. There are plenty of people already, I suspect, who feel as though they have basically nothing, espec

Like I said, not that bad yet but moving in that direction. There are plenty of people already, I suspect, who feel as though they have basically nothing, especially if they face some sort of ruinous expense like getting sick while uninsured. If you have a negative net worth, you have less than nothing, in some sense. As long as the credit markets keep working, even people with negative net worth feel like they have something, but if those markets were to freeze up or otherwise become unavailable you would have a whole lot of people no better off than slaves in terms of "wealth".