[kube-system]

> The median US household has a net worth of $200,000.

Which is primarily the market value of the home they live in. They can’t pay a bill with it.

The median American household has $8000 of liquid cash in all of their cash accounts combined.

[jandrewrogers]

> 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]

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.