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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.
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.

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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

Exterior of Federal Reserve building
Does the Fed interest rate affect car loans? Yes, it does: It has a domino effect that can raise or lower auto loan rates.
Outside of the Federal Reserve building
The Federal Reserve just lowered interest rates for the first time in four years.
A Black couple talk to a salesperson at a car dealership.
Auto rates will likely not decrease this year. Consider how to still save.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
US-ECONOMY-FEDERAL RESERVE-RATE-POWELL
The Fed’s rate hold means loans costs are sticking. Here’s what it means for your business.
Federal Reserve Eccles Building illustration
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
U.S. Federal Reserve Chairman Jerome Powell delivers remarks at a news conference.
The best way for most investors to approach this type of market is to stick to their long-term plan.
Distressed woman holding a baby looking for jobs on a laptop
Overwhelmed state unemployment offices have left Americans without aid for weeks, if not longer.
Fed Chair Jerome Powell speaks at a news conference.
Rates are falling, and finance pros say it may be time for Americans to rethink some strategies.
Federal Reserve Eccles Building illustration
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
Bank of America location
Looking for a nearby Bank of America location or ATM? Here’s how to find the closest ones.
Woman studying a document and working on a laptop
Here’s how multiple savings accounts can help you reach your financial goals.
Distressed woman holding a baby looking for jobs on a laptop
Overwhelmed state unemployment offices have left Americans without aid for weeks, if not longer.
Aerial view of a group of residential boat docks from homes along the Halifax River in Ormond Beach, Florida near Daytona
Managing your finances and choosing the right bank can be daunting, especially in a state as big and diverse as Florida.
Fed Chair Jerome Powell is superimposed over the Fed Building, looking pensive
Powell is dealing with the most intense division of his eight years as Fed chair.
Illustration of a US Federal Reserve ink stamp
Every financial decision you make is impacted by the Federal Reserve.
Donald Trump sitting at a desk in the Oval Office.
Tariffs are an import tax on foreign-made goods, and they act like a sales tax.
Jerome Powell, chair of the US Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting.
Uncertainty over President Donald Trump’s policies is keeping the Fed on the sidelines, at least for now.
Illustration of Fed Chair Jerome Powell
Bankrate’s experts are reacting live to the Fed’s latest interest rate decision.
Illustration of Fed Chair Jerome Powell
Still wrestling with inflation, Fed officials might not be so quick to rescue the economy.
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?
couple working on home finances
Learn about five ways in which you can break out of the credit card debt cycle.
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