From https://www.pewresearch.org/social-trends/2020/01/09/methodo... :

> Wealth, or net worth, is the difference between the value of assets owned by households and the value of the liabilities (or debt) held by the household. Assets include items such as the value of an owned home, value of a business, accounts in financial institutions, stocks and bonds, 401(k) and thrift accounts, individual retirement accounts and Keogh accounts, rental properties, motor vehicles and other personal property. Liabilities include home mortgages, credit card debt, student loans, vehicle loans and business debt. The SCF does not account for the discounted values of Social Security benefits or defined benefit pension plans.

I mean, sure... but your wealth was only negative for a VERY short period of time. Your car still had value and you could close that gap in probably a few months and be net-worth positive.

I think there are way more people who are paycheck-to-paycheck at best. The average credit card debt in the USA is thousands of dollars. I don't think that's because people are just stupid with money, I think a lot of that comes out of necessity because they can't keep their head above water.