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Over half of Americans say they're not even close to financial freedom (scrippsnews.com)

submitted 1 year ago by Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml

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About 36% of U.S. adults say they have less than $1,000 in their savings accounts.

For analysis of the political views of that media: https://ground.news/article/over-half-of-americans-say-theyre-not-even-close-to-financial-freedom

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[–] sugar_in_your_tea@sh.itjust.works 6 points 1 year ago

I technically have less than $1k in my savings because my money is in a brokerage account. I have quite a bit more in Treasury bills and money market funds, but those technically aren't savings accounts.

Others may keep their money in checking instead, which also isn't savings.

I'm not sure what the wording was on the survey, so maybe others took it more literally, or maybe they don't consider their emergency funds to be part of "savings." I find questions like "could you handle an unexpected $1k expense without taking on more debt?" to be more interesting.