> I'm skeptical but willing to believe 56% of people can't find $1k on the spot in fiat cash because of the structure of their wealth. It's not too far fetched

> I'm skeptical but willing to believe 56% of people can't find $1k on the spot in fiat cash because of the structure of their wealth. It's not too far fetched. 1. Buy a house in the 80s when they were like 60k-80k. 2. Work a normal'ish non-tech full time job where you make 35k / year. 3. Fail to pay off your original mortgage over 20-30 years and end up getting a 2nd mortgage. 4. Pay your current mortgage, property taxes and other bills every month. Pretty sure anyone who is single in this position would have nothing left over per month and be living an extremely tight lifestyle with not much to spare a few days before their next pay check. Throw in a couple of bad decisions over the decades and you could have no savings too. Something tells me a decent percent of 55-70 year old folks fall into this category.