This link shares the results from a recent survey that 47% of Americans don’t have immediate access to $400 without borrowing or selling something.  This study then dug deeper and found 40% can’t raise $2,000 within 30 days.  This PBS interview discusses the author’s challenges with maintaining a cash reserve.

https://www.pbs.org/newshour/show/why-so-many-americans-in-the-middle-class-have-no-savings

– David Strege, CFA, CFP®