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?
man using his cell phone
Here’s a convenient way for Apple device users to transfer money between friends and family.
Thanksgiving shopping
With some planning and preparation, this is how I reduced my Thanksgiving grocery bill.
Bankrate writer Karen Bennett and editor Marc Wojno pose in a selfie at the Money 20/20 conference in Las Vegas.
Banks are working to keep customers safe through AI apps and human interaction.
Turtle with shopping bag
Slow shopping has been growing in popularity despite potential drawbacks.
Older gentleman using a laptop
Knowing a savings bond’s value can help you decide whether to hold it or redeem it.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
A young woman works from her laptop.
Balancing your checking account may sound dated, but it still makes sense.
Federal Reserve Chair Jerome Powell speaks at post-meeting press conference
For consumers, the pros and faults of today’s low-rate world will prevail for months, if not years, to come.
Federal Reserve Chairman Jerome Powell speaks at post-meeting press conference.
The economy is nowhere close to being out of the woods.
Federal Reserve Chairman Jerome Powell speaks at post-meeting press conference
The Fed has more in its back pocket than just cutting interest rates.
Federal Reserve Chairman Jerome Powell speaks at a press conference
The Fed will continue to stay on the sidelines when it comes to rates.
A women wearing a facemask talks on the phone while crossing the street
While economists were more optimistic, they weren’t without doubts about the risks to the outlook.
The rotunda on Capitol Hill
The financial practice of spending less than you make doesn’t apply to the federal government.
Donald Trump and Jerome Powell speaking from the White House Rose Garden
Either way you look at it, there’s going to be some whiplash — possibly weighing on consumers’ wallets.
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc