Half of Americans hold more debt than assets.
He's talking assets and liabilities.
It can be expressed also in terms of income and expenses on a current basis.
Negativo.
Average Americans also are having the purchasing power of their so called money whittled away by Uncle Sam and other factors, at the same time....
Their income is declining gradually toward average world levels, for many reasons, what I call convergence, you could also say obsolescence as well, while their debt holds steady at prior levels, or rises even, to maintain a now lost low standard (by Western standards) of living which they no longer can support.
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