Real estate, automobiles, credentials/degrees, and businesses are all assets that would counterbalance their debt. (Credentials and degrees are not liquid, but you'd be hard pressed to argue that a doctor's license isn't worth many dollars).

The much more likely situation is a person with no assets or money and some credit card debt. Indeed, a person with simply no money is better off than such a person.

Right, and they're arguing that the quoted statistic isn't counting credentials and degrees as assets, because there's not a convention for how to value them.

"Using your logic" is almost always an overreach that uncharitably extrapolates and puts words in a person's mouth, and this case is no different.

You used a generalization to attack the format of the message rather than its content.

If I rephrased it to a question about their thoughts how degree holders fit their model then suddenly it would be fine?