Household Net Worth Varied Widely Across States
A new report shows significant gaps in how many families across the country report owing more than they own.
Updated on Oct. 1, 2026 in Debt Relief
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Recent data from a SmartAsset study reveals that 11.3% of U.S. households currently have zero or negative net worth. This financial metric indicates that these households owe more in debt than they hold in assets.
Why it matters
Understanding net worth trends helps households evaluate their own financial stability relative to regional averages. Because negative net worth often stems from high levels of consumer debt, these figures highlight the varying financial pressures families face depending on where they reside.
Nationwide, 11.3% of households report negative net worth, a figure that shifts significantly by state. For instance, Hawaii reports the lowest rate at 4.1%, while Oklahoma reports the highest at 20.1%.
The players
SmartAsset
A financial technology company that provides data-driven research on personal finance and household net worth.
U.S. Census Bureau
The federal agency that conducts the Survey of Income and Program Participation to track economic data across the country.
The details
Negative net worth occurs when a family's total liabilities, such as credit card debt or loans, exceed the value of their assets like cash, savings, and property. SmartAsset researchers calculated these percentages by analyzing the U.S. Census Bureau's Survey of Income and Program Participation. Variations between states like Indiana, which saw a 4.8% decrease in households with negative net worth, and Illinois, which saw a 1.8% increase, reflect different local economic conditions.
Timeline
The state-by-state household net worth study was released on October 1, 2026.
Money Landscape
This analysis draws on the U.S. Census Bureau's Survey of Income and Program Participation to map the nation's financial health. It provides a benchmark for understanding how household debt levels compare against regional economic trends.
Households carrying significant debt should periodically review their balance sheets to ensure assets are outpacing liabilities. If you are concerned about your own net worth or debt burden, consider discussing your budget and repayment strategies with a qualified financial professional.
The takeaway
The data confirms that financial health varies greatly depending on regional economic factors. Households looking to improve their position should regularly audit their debt-to-asset ratio and consult with a tax or financial professional to explore sustainable repayment paths.
Further reading
For tips on managing high-interest liabilities, review our guide to Debt Relief.
Live Poll
Do you feel your household's financial stability has improved over the past year?
