> Most people also don't have $1000 for an emergency

This has been debunked many times. The source is misleading to the point of being deceptive, it is pushing a narrative. Per the US government, the median household has $1000 per month leftover after all ordinary expenses. A very detailed breakdown of this for each income decile is available from the BLS.

You can’t square “most Americans can’t afford a $1000 emergency expense” with “median Americans can afford to light $1000 on fire each month without impacting their standard of living”.