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

Illustration of Fed Chair Jerome Powell
Still wrestling with inflation, Fed officials might not be so quick to rescue the economy.
Illustration of a US Federal Reserve ink stamp
Every financial decision you make is impacted by the Federal Reserve.
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.
Woman reaching in to the air for cash
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
Trader looks at plummeting stock chart
Is a stock you own plummeting? Here’s how to decide what to do next.
inflation and the housing market photo illustration
The housing market isn’t immune from outside economic forces, including inflation.
Tensed couple looking over bills
Owing money on a house can feel risky, but keep in mind where mortgages rank in the debt hierarchy.
Illustration of hand reaching into a computer
On average, Americans have kept the same bank accounts for over a decade.
Illustration of Fed Chair Jerome Powell
Still wrestling with inflation, Fed officials might not be so quick to rescue the economy.
Illustration of a US Federal Reserve ink stamp
Every financial decision you make is impacted by the Federal Reserve.
Woman reaching in to the air for cash
Prices rise and fall all the time in the U.S. economy. It’s not always inflation.
A person researches on a laptop.
Learn when a CD is worth it, when it is not, and alternatives to consider in 2025.
Home equity lines of credit are growing in size and volume.
A picture of various cryptocurrencies
Cryptocurrencies are managed through what’s called a distributed ledger such as blockchain.
Traders work on the floor of NYSE
With the Fed holding steady on rates for now, is it still a good time to buy stocks?
Homes in Charleston
Understanding mortgage rate movements could save you money.
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc