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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

Illustration of a person holding a house with a rain cloud over it
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.
Illustration of worker with a brief case
The once-booming labor market is starting to face some trouble.

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Latest articles

Traders work on the floor of the New York Stock Exchange
It isn’t always about two consecutive quarters of negative GDP growth.
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway
Warren Buffett halves Apple stake: What investors can learn from the move.
The Index of bonds on a screen
Borrowers have a window of opportunity to get or refinance a mortgage.
Trader looks at plummeting stock chart
Is a stock you own plummeting? Here’s how to decide what to do next.
Federal Reserve Chair Powell at a podium
As the job market weakens, some economists say the Fed should’ve cut rates already.
woman looking tired at computer
Here’s how to financially prepare for the possibility of sudden unemployment.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
woman using a credit card to shop online
Prices are high. A rewards credit card, timed right and used strategically, can help you fight inflation.
One Florida credit union aims to offer an alternative to check-cashing stores by starting their own, offering lower interest rates and fees. Elsewhere, middle-income consumers and college students are [...]
Federal Reserve Chairman Jerome Powell speaks to reporters at a press conference.
As the economy rebounds, don’t expect the Fed’s extraordinary support to last forever.
A man pushes his bags on the departures level at Los Angeles International Airport while wearing a mask.
The worst downturn in a lifetime was also the shortest.
A couple looks at finances.
The coronavirus pandemic drained Americans’ savings accounts.
Mother helping her son with schoolwork
The first of six monthly Child Tax Credit (CTC) payments start July 15.
Woman online banking
The concept is seen as a way to boost innovation and competition, ultimately giving consumers better digital options for their money.
Friends laugh while gathered at a table eating a meal and socialization.
Here’s where the nation’s top economists see hiring, the Fed and inflation heading over the next year.
Federal Reserve Chairman Jerome Powell speaks at press conference
Higher inflation and a troubled labor market could be the Fed’s nightmare scenario.
Traders work on the floor of the New York Stock Exchange
It isn’t always about two consecutive quarters of negative GDP growth.
Federal Reserve Chair Powell at a podium
As the job market weakens, some economists say the Fed should’ve cut rates already.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
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.
Portrait of a happy woman smiling outdoors and looking thoughtful
The Federal Reserve is poised to cut rates in September. Will it be enough to entice homebuyers?
Student walking through college campus.
The Federal Reserve’s actions can influence student loan interest rates.
Outside of the Federal Reserve building
The Federal Reserve raised interest rates several times. These interest rate changes are likely to affect the rates of personal loans.
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