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

Home decorated for autumn
It just might be. But don’t forget the fundamentals of how home equity loans work.
Fed Chair Powell Holds News Conference Following FOMC Rate Decision
This Fed communication tool is important, but be cautious when interpreting it.
Jerome Powell, chair of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting.
Uncertainty over President Donald Trump’s policies is keeping the Fed on the sidelines, at least for now.
New Friends Walking on University Campus
The Federal Reserve’s actions can influence student loan interest rates.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
US-ECONOMY-FEDERAL RESERVE-RATE-POWELL
The Fed’s rate hold means loans costs are sticking. Here’s what it means for your business.
woman using a credit card to shop online
A new credit card, timed right and used strategically, can help you fight high prices.
If you’re looking at HE Loans or have a variable-rate line of credit, pay attention to the Fed.
Jerome Powell, chair of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting.
Uncertainty over President Donald Trump’s policies is keeping the Fed on the sidelines, at least for now.
Federal Reserve Eccles Building illustration
The key benchmark has been as high as 20 percent — and as low as 0 percent.
Federal Reserve Chair Jerome Powell.
The Federal Reserve announced that it’s holding interest rates steady following its March 18-19 meeting.
Woman Using Laptop
Keeping track of bills and payments can be difficult, here’s how to make it easier.
Illustration of Fed Chair Jerome Powell
Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
Illustration of Fed Chair Jerome Powell
Still wrestling with inflation, Fed officials might not be so quick to rescue the economy.
Older couple on a couch, smiling, looking at a laptop
Verizon and Openbank announced a partnership on Tuesday that gives Verizon customers a way to save money on their bill if they have an Openbank High Yield Savings account. Verizon customers can save money [...]
illustration of hammer with box with red health cross sign on it and a stack of cash
Emergency savings depleted? Here’s how to start replenishing it.
Home decorated for autumn
It just might be. But don’t forget the fundamentals of how home equity loans work.
Fed Chair Powell Holds News Conference Following FOMC Rate Decision
This Fed communication tool is important, but be cautious when interpreting it.
Jerome Powell, chair of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting.
Uncertainty over President Donald Trump’s policies is keeping the Fed on the sidelines, at least for now.
New Friends Walking on University Campus
The Federal Reserve’s actions can influence student loan interest rates.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
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.
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 trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc