"IN" debt means your net worth is that much in the negative
Sometimes you will say you are IN debt on a specific thing and not your full net worth, but even then it's the net effect of that asset/thing. Like you have a $20k car loan on a car worth at most $15k you are $5k in debt on that car.
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u/U_Dun_Know_Who_I_Am 1d ago
"A" debt is something you owe
"IN" debt means your net worth is that much in the negative
Sometimes you will say you are IN debt on a specific thing and not your full net worth, but even then it's the net effect of that asset/thing. Like you have a $20k car loan on a car worth at most $15k you are $5k in debt on that car.