False. The median balance for savings is only $5k in the richest country in the world. That is nothing. People are living paycheck to paycheck. https://time.co

False. The median balance for savings is only $5k in the richest country in the world. That is nothing. People are living paycheck to paycheck. https://time.com/personal-finance/article/average-american-savings-account-balance/ https://time.com/personal-finance/article/average-american-s... "American households, on average, have $41,600 in savings, according to data last collected by the Federal Reserve in 2019. The median balance for American households is $5,300, according to the same data."