This might be startling but it's interesting to also note how little many have in savings even in the developed World. For instance, in the UK
At the end of the day, it's good to create a buffer of savings that can last you at least 6 months without income, it's also wise to ensure that you and your loved ones have a health cover and last but not least, it's much better to invest than save and the pandemic period has made many aware of that.