Submitted by CupNegative5967 t3_10paina in Futurology
bodydamage t1_j6jplxp wrote
Reply to comment by Wilmanutsfitnurmouth in I need financial assistance by CupNegative5967
A mortgage is a type of debt.
You can have tons of debt and still have positive net worth.
Wilmanutsfitnurmouth t1_j6jvgpm wrote
No doubt. But I think it’s about 68% of Americans live paycheck to paycheck, so not many people have a positive net worth even in debt.
bodydamage t1_j6jwj40 wrote
Even the 25th percentile for net worth in the US was $12,000 as of 2020
Meaning 75% of households have a net worth in excess of $12,000
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