In my OP I was really just saying if your bank or credit union is shuttered for insolvency not the whole economy being completely flushed down the toilet. Truist was one Goldman Sachs shorts around the SVB/Signature closings … quite a few in the Carolinas bank with Truist … so the discussion/post was meant more about if your bank were hit. Also I was saying more about length of time for covering necessary bills and easy day needs not a specific amount since each has a varying necessities … and defintely not asking where your stash would be.
My thoughts were more how prepared we are for coping with if the bank we have trusted with our money takes a bad turn like SVB/Signature. Short term you still have to put food on the table, fill the car with gas, pay the light bill, etc. Use to be we cared about emergency cash incase our income was interrupted by loss of job for some reason now I am adding to that the thought of loss of access to my savings I’ve trusted to a bank that I have no real control over except deposits or withdrawals. Sure the FDIC might make me whole at some point but until they do I gotta have a way to pay the bills … quite a few clueless people (especially the “younger” generation) seem to not have thought about if anything were to happen to them … be it loss of job or loss of savings.