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The 40%/$400 item comes from a fed survey about liquidity. It includes 17% of households with $100,000 in income. It is an outlier, other surveys put it the p
by mobilefriendly 7y ago
The 40%/$400 item comes from a fed survey about liquidity. It includes 17% of households with $100,000 in income. It is an outlier, other surveys put it the percentage at 20%.
- eyegor 7y agoThat's insane, I always assumed it was for much lower household incomes. I consider 100k to be upper middle class in the US.