Since you took the data for federal and state and local, you end up with 22.51 million employees[1].
Out of a total number of employed people of ~160M that's 1 in 8 employees. If you're calling 1 in 8 'a small share' the we just disagree there.
As to the $400 statistic, let me just point out that this
> That leads to those who qualify for many social programs, i.e. low-income earners, to put aside a relatively small portion of their income for savings.
Is very much an opinion, not a fact.
Maybe there's also that for the low income earners there isn't any money left after paying for housing, food and such. And I'm not even talking about health insurance.
Out of a total number of employed people of ~160M that's 1 in 8 employees. If you're calling 1 in 8 'a small share' the we just disagree there.
As to the $400 statistic, let me just point out that this
> That leads to those who qualify for many social programs, i.e. low-income earners, to put aside a relatively small portion of their income for savings.
Is very much an opinion, not a fact.
Maybe there's also that for the low income earners there isn't any money left after paying for housing, food and such. And I'm not even talking about health insurance.
[1]: https://www.statista.com/statistics/204535/number-of-governm...