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4 votes
Can net worth be negative?

asked
User Skegg
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8.9k points

2 Answers

4 votes

Yes, of course. A good fraction of the people on earth owe more than they own, so have negative net worth.

In the USA about 14% of the households have negative net worth. I would have guessed that credit card debt was the culprit, but it's mostly student loans that drag folks into this category.

answered
User Tyler Marien
by
8.1k points
3 votes

Answer:

our net worth can tell you many things. If the figure is negative, it means you owe more than you own. If the number is positive, you own more than you owe. ... Negative net worth does not necessarily indicate that you are financially irresponsible; it just means that – right now – you have more liabilities than assets

Explanation:

hope it help

answered
User Eydie
by
8.4k points

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