Birdwatch Note Rating
2024-01-17 04:24:57 UTC - HELPFUL
Rated by Participant: C9D07428996BD20BD52A5A96A5CF2B2D90E90D6D44667CB34C40A9BEEF4B9FBB
Participant Details
Original Note:
The 2022 Survey of Consumer Finances by the Federal Reserve Bank found that approximately 98.6% of American households possess checking or similar accounts, with the median balance in these accounts reaching $8,000, the highest in the past 30 years. https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Transaction_Accounts;demographic:all;population:1;units:median
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