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> The median American household has $8000 of liquid cash in all of their cash accounts combined. That’s a lot of liquid cash. It reinforces the idea that the m
by jandrewrogers 3mo ago
> The median American household has $8000 of liquid cash in all of their cash accounts combined.
That’s a lot of liquid cash. It reinforces the idea that the median American household has an unparalleled amount of money to burn on whatever.
- kube-system 3mo agoThat includes savings. The median checking account is $2800. People can burn from that $8000 but it’ll be at the expense of being able to handle an unexpected emergency expense, or a goal they’re saving up for. And this is the median, which means that half of US households have less than this. Which is quite a lot of people who still use phones.