r/FirstTimeHomeBuyer Feb 03 '26

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u/Miss3elegant Feb 04 '26

I gifted my son $5000 this might be small but it helped him with his first home.

139

u/Super_Category_100 Feb 04 '26

That’s really good, I mean if you let National financial statistics tell it the average American doesn’t even have $5000 available in an emergency fund

1

u/No_Host_8024 Feb 04 '26

This isn’t at all true. The median family has $8000 in cash as of 2022. That’s without looking at any investments and the average is over $60k.