Definitely. This isn’t about physical “cash”, this is about all liquidity across cash, checking and savings accounts. From the survey itself:
Most have little to no cushion. 14% of Americans have no cash savings, including 32% of those earning less than $30,000 a year, 20% of women and 16% of Gen Zers. Additionally, another 32% have some savings but less than $1,000. Almost half (45%) wouldn’t be able to cover more than a month of essentials if their income stopped, while just 21% could cover essentials for more than six months.
Almost half of Americans are a couple paychecks away from homelessness. It’s dire.
I think it usually includes savings accounts
Definitely. This isn’t about physical “cash”, this is about all liquidity across cash, checking and savings accounts. From the survey itself:
Almost half of Americans are a couple paychecks away from homelessness. It’s dire.
This still doesn’t provide a clear definition of “cash savings”. See the comment from WesternInfidels for the actual definition from the study.