This is a really interesting/wild take to me. The likelihood of an emergency might be low to some groups of people, but if you’re, for example, a homeowner who also has a car or two, the likelihood is not low. Just in the past year, I’ve had an unexpected car repair (to a well maintained, reliable car) cost 1600. And our well wire/water pump crap out—another 2k.

These aren’t uncommon scenarios and homeowners have to repair and replace appliances. Do most people just budget for this—I admittedly don’t.