Deficit net worth occurs when a person or company’s liabilities exceed their assets, resulting in negative net worth. Learn more about its causes and examples.
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13 million American households have negative net worths — are you secretly one of them?
About 13 million U.S. households have negative net worths, meaning their debts exceed the total value of everything they own, according to 2019 data. That was roughly 10.4% of all American households ...
Most people in this situation don’t realize it until they actually calculate the numbers. Here’s how to figure out if you’re secretly among them (and what it means for your financial future). Net ...
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