A Not-So-Great Resignation? Workers who found a better-paying role feel less job security as recession fears rise
They may have found a better-paying job, but are those workers better off?
13 min read
Oct 20, 2022
EXPERTISE
- Economy
- Federal Reserve
- U.S. economic policy
- Personal finance
- Taxes
- Unemployment insurance (UI)
EDUCATION
- Bachelor of Science in News-Editorial Journalism, University of Illinois at Urbana-Champaign
- Master of Science in Journalism, Northwestern University
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
About the author
Bankrate.com writer Sarah Foster covers the Federal Reserve, the U.S. economy and economic policy. Originally from a small town in rural Illinois, Foster developed a passion for economics while watching her community recover from the Great Recession. She witnessed just how much Main Street is impacted by Wall Street and saw firsthand that the Federal Reserve’s most well-intentioned policies can still leave those most desperate for help behind.
Experience
Sarah previously worked for Bloomberg News, the Chicago Tribune and the Chicago Daily Herald and has been quoted in several national and regional media outlets, including Yahoo! News, NBC, the Toronto Star, the St. Louis Post-Dispatch and more.
Media mentions
The Federal Reserve is one of the most complex institutions in the world; yet, its decisions impact consumers’ wallets more than any other policymaker in Washington, D.C. My goal is to remove some of the mystery surrounding the U.S. central bank, so you can be an even smarter consumer.
— Sarah Foster
Sarah's latest articles
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All the ways a president can (and can’t) influence the Federal Reserve
Presidents may affect the world’s most powerful central bank more than you think.
7 min read Oct 07, 2022 -
Survey: Experts see massive hiring slowdown and surging unemployment a year from now
How long will the job market hold up amid the Fed’s rapid rate hikes?
4 min read Oct 05, 2022 -
Survey: Fed’s inflation fight will take interest rates to highest since 2007
Economists see the Fed’s tightening cycle peaking at 4.5-4.75 percent.
4 min read Oct 05, 2022 -
Survey: Odds of a U.S. recession by mid-2024 now hit 65%
Storm clouds are gathering above the economy amid high inflation and interest rates.
5 min read Oct 05, 2022 -
Survey: 43% of economists say inflation hasn’t yet peaked
That’s even despite the Fed’s fastest rate hikes since the 1980s.
4 min read Oct 05, 2022 -
Americans have recession fatigue — and it’s keeping them from preparing for the next downturn
Feeling deprived during lockdowns, Americans aren’t ready to fall back on progress.
10 min read Sep 26, 2022 -
Fed lifts rates by another three-quarters of a percentage point to curb runaway inflation
Not since the 1980s have officials raised rates this much in a single year.
7 min read Sep 21, 2022 -
Inflation is crushing Americans’ savings — here’s 6 tips to protect your money
Skyrocketing costs are causing a major hit to Americans’ financial security.
10 min read Sep 21, 2022 -
The U.S. economy could be at stake when Fed interest rates rise above this crucial level
You might not be able to call rates historically low for much longer.
5 min read Sep 21, 2022 -
This Federal Reserve policy you’ve never heard of could have the biggest effect on your wallet
Over time, a shrinking balance sheet could impact you more than a Fed rate hike.
7 min read Sep 19, 2022 -
Survey: Half of workers who got a raise or higher-paying job say their pay didn’t keep up with inflation
Americans aren’t reaping the benefits of the fastest wage growth in decades.
6 min read Sep 14, 2022 -
Survey: 69% of Americans are worried about a possible recession by the end of 2023
Yet, the majority of Americans say they’re preparing for a recession.
7 min read Aug 24, 2022 -
Want to know when a recession could be coming? Watch these 5 signs
The economy may still be on stable footing, but how long will it last?
7 min read Aug 22, 2022 -
When is the next recession? Here’s what economists are saying
It might not be here yet, but a recession could be coming.
4 min read Aug 22, 2022
