EP 247: The Financial Rollercoaster: Five Years of Bank Account Medians

On the latest episode of the Trust the Plan Podcast, hosts Nick Hopwood, CFP® and Jim Pilat, CFP® dive into a recent Wall Street Journal article discussing the trends in bank account medians over the past five years. They explore how the financial landscape experienced a notable boost during the COVID-19 pandemic, largely fueled by stimulus checks that temporarily elevated household savings.

However, as the economy stabilizes, Nick and Jim reflect on how those numbers have returned to pre-pandemic levels, prompting a deeper conversation about financial resilience and planning in the current economic climate. Their insights shed light on the broader implications for individuals navigating their finances in today's world.

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