This is a pretty terrible article that takes an important issue (financial insecurity in the US) and manages to say absolutely nothing about it.

Half of Americans describe “financial freedom” as being comfortable, but not necessarily rich, and 49.3% say it refers to meeting financial obligations and having some money left over each month. About 54.2% define it as living debt-free, and 46.2% believe it means never having to worry about money.

Okay, so they don’t define “financial insecurity,” but leave the definition up to the people taking the survey? And the definitions themselves are all over the map and don’t have an objective interpretation. “Meeting financial obligations?” That just says that people want to be able to live within their means, but not how they live.

Even the bit about savings accounts is problematic. A lot of people don’t have savings accounts because most people don’t bank that way any more. In our parent’s generation (and I am speaking as someone who is 50) savings accounts were where middle class and below people kept their money because it was an interest bearing account and things like the stock market and bonds were intentionally well out of reach of the average person. I do have a savings account but I really don’t need one and its balance has absolutely no correlation to how much money I have.

The percentage of people living paycheck to paycheck, the amount of savings (in terms of monthly expenses), or having to defer things like medical treatment or car repairs are all more meaningful metrics, IMO. Even net worth inclusive and exclusive of the primary residence would be meaningful.