The median American has $8000 in transaction accounts and a net worth of $192k. 50-60% of Americans self-report that they’re living paycheck to paycheck, but not everyone understands that to mean “I literally can’t pay the bills if my paycheck doesn’t come on time”.

(Is it deeply uncomfortable to get laid off with $8000 in your account? Without a doubt, especially in an increasingly weak labor market, even if you have home equity or retirement savings you could theoretically dip into to cover what unemployment benefits can’t.)