alt Hacker News> 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.
> 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.
That 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.