Analyses of the 2016 Survey of Consumer Finances (SCF) dataset found that 27% of households had quick (stable liquid) financial assets sufficient to cover 3 months or more of spending, 33% had comprehensive financial assets (all except in retirement accounts) sufficient to cover 3 months of spending, and 29% listed an amount needed for emergency saving that would cover 3 months or more of spending. Logistic regression analyses showed many household characteristics were related to meeting guidelines in ways similar to effects found by previous researchers, and in addition, an objective financial literacy score was positively related to the likelihood of meeting the guidelines based on actual financial assets, but was not significantly related to reporting the amount of emergency fund needed being at least 3 months of spending.