Yes. You are correct to point out that having no cash savings is not a problem if you are creditworthy; that is you can put yourself in debt in time of need. In

Yes. You are correct to point out that having no cash savings is not a problem if you are creditworthy; that is you can put yourself in debt in time of need. In addition more than 20% of US households are home-owners and often have access to an inexpensive line of credit.