True or False: A household in the bottom quintile of wealth in the U.S. can still have a positive net worth if their assets exceed their debts, regardless of income level.

True. A household in the bottom quintile of wealth can have a positive net worth if the value of their assets is greater than their debts. Net worth is calculated by subtracting total debts from total assets, meaning that even if a household has low income, they can still own things like a car or a small amount of savings that outweigh what they owe. For example, if a family has a car worth $10,000 and savings of $5,000, but owes $8,000 in loans, their net worth would be $7,000, which is positive. This shows that wealth is not just about how much money someone makes, but also about what they own compared to what they owe.