this post was submitted on 15 Apr 2026
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A Boring Dystopia
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What does cash savings even mean? I would assume that most people have their savings in a bank account...
https://www.depositaccounts.com/blog/cash-savings-study.html
Well I had 1000, but bought my son a car and needed repairs. But like I keep trying.
I believe cash savings refer to liquid assets. That is to say, a savings account is a cash savings account, whereas an IRA or 401k are not, because the cash is tied up in investments.
Liquid fuckinv assets, you tedious derogatory noun.
That's becoming my take, too. What surveys mean to ask is liquid assets, money people have immediate access to. But most Americans are too uneducated to understand what that means, so they ask about cash. But many people probably think that's a question about how much paper money they have.
Basically, they ask a question in a dumb way to get around how dumb Americans are, but the result is a dumb statistic.
That's not at all what they asked.
How dare you expect someone to actually read the source!
Liquid assets is how I understand cash.
it's a dumb stat to push a dumb headline that seems dramatic so people can bias-confirm about how poor they are.
even if they are objectively not. i live in an area with 3 million dollar homes and 1 million dollar apartments, and every owner here will love to tell you how poor they are and how they are struggling in life and they dont' have enough money.
i remember being in college and people whining about how broke they were, when they were dropping $5000 on a single spring break trip... statistically yeah those people are 'broke' but their parents were often millionaires.