Average American

Sobering stats. @StatistaCharts pic.twitter.com/urdsI724H0

— Edward (@markets1100) October 31, 2021

There are so many basic things that can go wrong: an old motherboard that finally dies, an apartment ceiling crack and crash, a medical emergency, work hours cut for a couple of months, etc. In most cases, thousands of dollars will be required on short notice. It could get worse: a car accident, total loss of job, a natural disaster, etc. Then, tens of thousands would be needed. Almost 70% of Americans don't even have over a thousand dollars in their savings account. That has to be stressful.