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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.

Experts in all things finance

Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.

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Greg McBride

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Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

Mark Hamrick

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Senior Economic Analyst

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Latest articles

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How hard will the Fed have to push to slow the economy enough?
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Will a recession not wreck the economy’s party after all — or is it just late?
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Shutdowns range from a minor inconvenience to a major financial disruption.
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Don’t expect mortgage rates to depart from the current trend, experts say.
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Understand the costs of being in an HOA before you buy your home.
Fed Chair Jerome Powell speaks at Fed press conference
The higher rates rise, the more Fed watchers wonder: Is the Fed about done?
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High inflation and interest rates are leading many Americans to rely on credit.
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If you’re struggling to save money right now, you’re not alone. Here’s how a few easy changes can help.
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Savings yields topping inflation could let you hold onto your purchasing power.
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Here are some places to look for a source of funds.
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Here’s how to boost your savings.
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Comparing savings rates can ensure you get the best return on your savings.
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Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
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Here are some of the best savings accounts you can sign up for as a business owner.
Six Bankrate experts share the career moves that let them get ahead financially.
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Not paying fees and an easy way to bank should all be priorities. Here are some of our favorites.
Fed Chair Jerome Powell speaks during a news conference
Fed officials are trying to prevent an economic slowdown from getting worse.
Illustration of Fed Chair Jerome Powell
Tune in to Bankrate’s live coverage of the Fed’s first rate cut since 2020.
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Credit card interest rates have a high mark up over the prime rate. Why are card APRs so high?
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
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For savers, here’s what to consider when the Fed raises interest rates.
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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.
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The Fed has cut rates by half a percentage point — how will that affect the housing market?
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