[im3w1l-alt]

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]

And, of course, every debt is also an asset on someone else's balance sheet.

[082349872349872]

So 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]

>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.