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Here's the YouGov survey if anyone is interested [1]. A lot of people do indeed not have a lot of savings:

> One in 10 consumers do not have any savings (12%) while a slightly higher percentage of consumers say they have less than $100 in their savings account (14%). A further 13% of Americans say they have between $1,000 and $4,999 in savings. Altogether, that means that half of all Americans have less than $5,000 to fall back on.

[1] https://business.yougov.com/content/46083-how-much-does-the-...




Savings and savings accounts are being conflated here.

One can have a small amount a savings account with plenty withdraw-able assets in Mutual Funds etc to fall back on


In this context, “savings” includes all liquid assets.




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