60%+ of Americans do not even have $1,000 in some kind of savings or checking account, as an emergency fund.
We are all being run ragged, most people are in an apparently literally unbelievable amount of debt, because once you have that first month you have to borrow to pay for groceries or ultilities or rent or a medical copay... the debt spiral begins, you basically don't get out, and the hole gets worse and worse.
Or... theres also a lot of people with less than 0 financial sense, because the average reading level of the US citizenry is that of a 5th to 6th grader, and many people have compulsive shopping addiction habits.
Something like 25% of Americans have negative net equity, ie, they have more debt than all their possessions are worth.
They're basically debt slaves, whether or not they realize it.
Something like another 25% have basically 0, netted out.
... and that's all before everyone's 401ks and pension funds collapse from the Private Equity / Ptivate Capital (read: unregulated lending) firms ongoing implosion... and thats before the dollar gets further and further devalued so that the government can inflate away its real debt payments, which is the strategy the Treasury Sec is pursuing.
Americans in the bottom ~4/5 - 9/10 of society have no fucking clue how bad it is about to get.