Net worth = Total Assets − Total Liabilities. It's the most comprehensive snapshot of your financial health. A positive net worth means you own more than you owe. A negative net worth means your debts exceed your assets.
For context: the median US household net worth is ~$192,900 (2023 Fed data), while the mean is ~$1,066,600 — skewed by high-wealth households. Track yours regularly to measure financial progress.