Value of having an emergency fund of several months cash plus potentially additional years in bonds

Why we should focus on emergency fund support (e.g. basic income) as public policy first - then focus on improving jobs later

Typical article on how most Americans couldn't come up with $500 in an emergency: https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/#642c86ed4e0d