> The median checking account balance was $3,400 in 2019, and that was before CO... | Hacker News

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		pkaye on June 3, 2020 \| parent \| context \| favorite \| on: Millions of Americans skipping payments as wave of... > The median checking account balance was $3,400 in 2019, and that was before COVID19 struck. Does that count money market and savings accounts? And given interest rates are so low I wonder if people invest in more riskier stuff.

Avicebron on June 3, 2020 [–]

People need capital to invest. A lot of people are floating by with that 3,400, not strategically holding only 3,400 in their bank account while they make their fortune on risky investments.

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