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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.
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Here are some tips to help make sure your retirement savings are protected in the event of a recession.
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The once-booming labor market is starting to face some trouble.

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Latest articles

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.
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.
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Borrowers have a window of opportunity to get or refinance a mortgage.
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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.
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Whether you’re a seller who’s looking to declutter your home or a buyer seeking bargains, a yard sale can be just the answer.
Man watering plants
Interest is the price you pay to borrow money or the cost you charge to lend money.
Capital One Bank signage in New York City
Banks are cutting overdraft fees in response to consumers and regulators’ demands.
loan manager with paperwork talking with client in bank branch
The most impressive banks make it easy to interact both on old and new channels.
Young professional having a casual conversation at work
Want to avoid common savings missteps? Find out what people do at every age that hurts their financial goals.
Fed Chair Jerome Powell speaks at a press conference after the June rate-setting meeting
The real question is: What will the Fed’s next moves be?
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.
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.
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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.
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