[Toddsterpatriot]

Have you ever seen that commercial with the guy bragging about all that he has, and then telling you that: "I'm in debt up to my eyeballs!" That commercial is very easily representive of America as a whole.

If this is true, how do you explain household net worth rising to an all time high of $51 trillion? Liabilities are only $11.4 trillion. Assets are almost $62.5 trillion.

The United States is steadily more and more in that condition through free-trade policies.

Are you claiming our net worth has dropped since NAFTA? You have any links showing our debt is growing more than our assets?

[neutronsgalore]

"If this is true, how do you explain household net worth rising to an all time high of $51 trillion?"

Probably $40 trillion or more in the top 5-10%.

"Are you claiming our net worth has dropped since NAFTA? You have any links showing our debt is growing more than our assets?"

Considering our most valuable national asset, manufacturing, as well as our ballooning trade deficits & national debt, I'd say yes.