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Recession watch

Will the U.S. economy soon be in a recession? It's the trillion-dollar question that even experts don't know the answer to. Here's how to prepare for a potential downturn, and how one could impact you.

Insights from our expert analysts

“Economic uncertainty is a time for reducing debt and boosting savings, not the other way around.”

– Greg McBride, CFA

Do's and don'ts of saving during a recession

To help you navigate saving during a recession, we asked a number of experts what some of the most helpful things to do are, as well as some things you should try to avoid at all costs.
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Recessions & your money

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How might a recession affect the housing market? Find out what the experts think.
A middle-aged couple looks out to the beach from their van
Here are some tips to help make sure your retirement savings are protected in the event of a recession.
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The once-booming labor market is starting to face some trouble.

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

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Greg McBride

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Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

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If you’ve been thinking of getting a longer-term CD, you may want to make a move.
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The majority put the economy’s recession chances at 50 percent or more.
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High inflation has a financial toll similar to job loss.
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More U.S. adults have seen household savings decline than rise in the past year.
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The Fed’s move is the biggest increase since 1994 and undoubtedly raises the risks of a recession.
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SavingsBond
Savings bonds are a simple way to save but redeeming them is a little more complex.
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If you’ve been thinking of getting a longer-term CD, you may want to make a move.
Fed Chair Jerome Powell speaks during a news conference
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Subprime borrowers are particularly affected by interest rate changes. Here’s how to prepare.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
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