# The recession is here, is your money safe in the bank?
Signals of a cooling U.S. economy are becoming increasingly strong: JP Morgan has raised the probability of a recession by the end of this year from 25% in mid-year to 35%, and the unemployment data has also been revised downward—81,800 job opportunities were undercounted between March 2023 and March 2024. This has caused many to panic: Is it still reliable to keep my savings in the bank?
**To be honest, your money is safe in the bank.** CFP analyst Taylor Kovar provides a clear answer: U.S. bank accounts are protected by the FDIC (Fede
View OriginalSignals of a cooling U.S. economy are becoming increasingly strong: JP Morgan has raised the probability of a recession by the end of this year from 25% in mid-year to 35%, and the unemployment data has also been revised downward—81,800 job opportunities were undercounted between March 2023 and March 2024. This has caused many to panic: Is it still reliable to keep my savings in the bank?
**To be honest, your money is safe in the bank.** CFP analyst Taylor Kovar provides a clear answer: U.S. bank accounts are protected by the FDIC (Fede

