[smegma2]

The median American also owns $39,000 in liquid financial assets.

https://www.federalreserve.gov/publications/files/scf23.pdf (page 22, “Financial Assets” section)

[Terr_]

It doesn't say liquid assets though, it mentions multiple options which vary in how easily you can/should use one to pay an unexpected bill or period of unemployment.

For example, if one is using their life-insurance payouts to pay their rent... well, something has gone very wrong somewhere.

Specifically, this part:

> financial asset—which includes transaction accounts, certificates of deposit, savings bonds, other bonds, stocks, pooled investment funds, retirement accounts, cash value life insurance, and other managed assets

For the highly-liquid "transaction accounts" (checking, savings, money-market) the conditional [0] median is just $8k.

[0] AFAICT "conditional" here means "we don't include $0 data points in the median." That explains why the subcategory of "stocks" has a higher conditional median value than the more-general category of financial assets.

[smegma2]

Sure, I couldn’t find a better data source than that. If you find a better source that includes liquid assets specifically that would be helpful. I am skeptical that of the 39k in assets listed there, there isn’t a substantial amount that can be used to pay the bills (i.e. who has $39k in their 401k but $0 anywhere else?).

[infecto]

Again I don’t think that means what you think it means. It says “value of all financial assets” which includes banking accounts, cds, stocks, bonds etc. that is not liquid.

The next exact line it calls out those bank accounts and the mean at $8,000. That is not a lot of liquid emergency savings for a household let’s say of 3.

So I don’t think your point stands.

[smegma2]

Everything you listed is liquid. CDs can be withdrawn early for a small penalty, and most likely without even losing any of your principal.