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.

Latest articles

inflation and the housing market photo illustration
The housing market isn’t immune from outside economic forces, including inflation.
Home decorated for autumn
It just might be. But don’t forget the fundamentals of how home equity loans work.
Fed chair Jerome Powell makes a speech
The Federal Reserve cut interest rates for the second consecutive meeting but this time by a smaller quarter of a percentage point.
Exterior of Federal Reserve building
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment
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.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Man using credit card while online
Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
Image of bonds and cash
Consider these important factors before investing in bonds and CDs.
Karen Bennett working on a laptop
Now is still a good time to consider CDs for your portfolio. Here are five reasons.
Aerial view of a group of residential boat docks from homes along the Halifax River in Ormond Beach, Florida near Daytona
Managing your finances and choosing the right bank can be daunting, especially in a state as big and diverse as Florida.
Stacks of money lined up against a colorful red background
I’ve been in financial services for nearly 14 years and have helped customers with the most common deposit products, but this month was the first time I opened a certificate of deposit (CD) for myse [...]
Person Putting Coin In Piggy Bank At Table
Savers can still earn yields on deposit accounts that are outpacing inflation, even as some yields have decreased recently as banks anticipate a likely Federal Reserve rate cut in September. One such option [...]
Woman online banking with a tablet
How Reg. D impacts your savings account and why it pays to check with your bank.
Young couple paying bills online
Online bill pay can add convenience and security to managing your routine bills.
Cash in gloved hand
Depositing cash into someone’s account isn’t always possible, but there are options.
Home decorated for autumn
It just might be. But don’t forget the fundamentals of how home equity loans work.
Fed chair Jerome Powell makes a speech
The Federal Reserve cut interest rates for the second consecutive meeting but this time by a smaller quarter of a percentage point.
Exterior of Federal Reserve building
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
Calm focused female freelancer in casual clothes revising reports while sitting on soft couch at table and using computer in light contemporary apartment
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.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Man using credit card while online
Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
Student walking through college campus.
The Federal Reserve’s actions can influence student loan interest rates.
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc