> Sixty-eight percent of adults said they could pay an expense of at least $500 using only their current savings (table 12). This is a somewhat larger share than the 63 percent of adults who said they would pay an unexpected $400 expense with cash or the equivalent, suggesting that some people do choose to pay with other methods, even if they have cash savings available to them.
40% of people not saving $400 doesn't mean the economy is bad. It could mean they don't know how to save the money they're earning. Perhaps something else is wrong.
https://www.pewresearch.org/short-reads/2023/05/03/in-the-u-...
> Nearly 4 in 10 Americans lack enough money to cover a $400 emergency expense
https://fortune.com/2023/05/23/inflation-economy-consumer-fi...
> What a $400 emergency expense tells us about the economy
https://www.minneapolisfed.org/article/2021/what-a-400-dolla...
And the master of them all: