Skip to Main Content

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.
Learn more

Recessions & your money

Illustration of a person holding a house with a rain cloud over it
How might a recession affect the housing market?
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.
Illustration of worker with a brief case
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.

About Bankrate
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

Calculate your savings

Use our Savings Calculator to help you quickly and accurately estimate the growth of your investment. Set a goal and figure out how much you need to save each month to hit the mark.

Months
Years
    Initial DepositTotal Contri...Interest Earned
    Total savings breakdown:
    Interest earned $ 5,803.89
    Total contributions + $24,000
    Initial deposit + $10,000
    Your total savings
    $ 39,803. 89

    The average APY in the U.S. is 0.57%. Enter an APY to see how much you can save, or choose an APY from one of our partners.

    Latest articles

    A Black couple talk to a salesperson at a car dealership.
    Auto rates will likely not decrease this year. Consider how to still save.
    New Friends Walking on University Campus
    The Federal Reserve’s actions can influence student loan interest rates.
    An older Black couple sits on their porch and drinks coffee
    For people living on a fixed income, the COLA is a critical safety net.
    Design element with Jerome Powell
    Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
    Home decorated for autumn
    It just might be. But don’t forget the fundamentals of how home equity loans work.
    US-ECONOMY-FEDERAL RESERVE-RATE-POWELL
    The Fed’s rate hold means loans costs are sticking. Here’s what it means for your business.
    If you’re looking at HE Loans or have a variable-rate line of credit, pay attention to the Fed.
    Banking_How-the-Fed-Rate-Affects-Housing_
    The Fed has hit the pause button on rates. How will it affect the housing market?
    Illustration of safe with money
    CD rates may seem attractive, but in 2025’s uncertain environment, they create a lose-lose scenario that could cost you money.
    Focused young woman entering banking credit card information in computer application, making household payments online, booking flight tickets or hotel, purchasing goods or confirming transaction.
    APYs on high-yield savings accounts remain competitive after Fed rate decision.
    Woman working from home with a child in the background
    A new Bankrate analysis shows mothers earned 31 percent less in wages than fathers in 2023.
    Image by Getty Images, Illustration by Bankrate
    Recession risks are rising. Learn six smart savings strategies to protect your money before it hits.
    A hand making an "OK" sign, a bank vault, and a check
    An extra paycheck in the month can be a game-changer for your finances.
    Image of a round pink piggybank in a life raft floating on water.
    JPMorgan raises recession probability to 50%. Learn five practical steps to protect your savings before economic conditions worsen.
    Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference.
    Had fears of higher prices from tariffs not been on the table, the Fed might’ve considered cutting borrowing costs.
    Design element including image of Jerome Powell
    Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
    A Black couple talk to a salesperson at a car dealership.
    Auto rates will likely not decrease this year. Consider how to still save.
    New Friends Walking on University Campus
    The Federal Reserve’s actions can influence student loan interest rates.
    Design element with Jerome Powell
    Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
    Home decorated for autumn
    It just might be. But don’t forget the fundamentals of how home equity loans work.
    US-ECONOMY-FEDERAL RESERVE-RATE-POWELL
    The Fed’s rate hold means loans costs are sticking. Here’s what it means for your business.
    If you’re looking at HE Loans or have a variable-rate line of credit, pay attention to the Fed.
    Banking_How-the-Fed-Rate-Affects-Housing_
    The Fed has hit the pause button on rates. How will it affect the housing market?
    The Federal Reserve’s decisions have ripple effects, including for mortgages.
    The trusted provider of accurate rates and financial information
    Wall Street Journal
    Usa Today
    New York Times
    Cnn
    Bloomberg
    Abc