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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

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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.
Close up of female accountant or banker making calculations
Take control of your money and build a six-figure financial foundation. Here’s how.
Young woman working from her kitchen island and drinking a hot beverage
Here are some of the best savings accounts you can sign up for as a business owner.
A young woman researches on her laptop.
With a possible recession looming, here’s what savers should know about CDs.
Women using tablet
Online checking accounts stand out for different features. Here’s our top picks.
I’ve often referred to 2024 as the year of the certificate of deposit (CD). In tracking CD rates on a daily basis, I’ve seen how yields remain at an overall high, thanks to the Federal Reserve raising [...]
Happy young person on a laptop
These seven banks and credit unions offer competitive rates on CDs for businesses.
Piggy bank with doctors equipment. Cute and comical
A mid-year checkup is the most effective way to ensure my finances are on track.
Young woman using an ATM
Here’s how to find the nearest ATM in MoneyPass’s fee-free ATM network.
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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