Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Am I considered in debt if I pay a mortgage?
The expression "in debt" when talking about a person's financial affairs means that the sum of debit balances on all accounts exceeds the sum of credit balances on all accounts.    A mortgage account is not excluded from that. This definition also does not consider whether any of the debt is secured, or ownership of assets (shares, property, chattels, etc).   So, someone with a mortgage of one million dollars for a home that is worth two million is in debt by one million dollars, until they they sell the home (for that amount) and pay down the mortgage. That means "in debt" is not necessarily a statement about net worth.