Best In Wealth - Best Practices For Real People, Investments, Retirement Planning, Money Management, Wealth Building, Financi

American wealth is growing—but you would never know it. Every three years, the Federal Reserve releases a report that summarizes the changes to family finances in the United States. The most recent report was released in early October 2023. What did it say? One of my business partners, Brian Cayon CFA®, CPA, covers it in his article titled “4.9%.” We will cover the news in this episode of Best in Wealth. [bctt tweet="Is American Household Wealth Growing? I’ll go over what the Fed is saying in this episode of Best in Wealth! #wealth #investing #PersonalFinance #FinancialPlanning #WealthManagement" username=""] Outline of This Episode [1:19] Positivity or negativity: which will you choose? [3:42] Changes in U.S. Family Finances from 2019 to 2022 [7:55] Where was the largest increase in wealth? [9:03] Theory #1: The media loves bad news [12:29] Theory #2: The pandemic played head games with us Changes in U.S. Family Finances from 2019 to 2022 The Fed’s report, “Changes in U.S. Family Finances from 2