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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?
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

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How Reg. D impacts your savings account and why it pays to check with your bank.
Illustration of gift box surrounded by an up arrow representing higher inflation.
Here’s what to skip and what to buy — and how to tariff-proof your budget.
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.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
Jerome Powell, chairman of the US Federal Reserve, during the National Association of Business Economics (NABE) annual meeting in Philadelphia, Pennsylvania.
Borrowers often don’t notice small rate cuts, and a weakening economy could dull the relief.
A Black couple talk to a salesperson at a car dealership.
Auto rates will likely not decrease this year. Consider how to still save.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
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.
Bank teller with customer
These credit unions offer great rates and top-notch features — and many make it easy to join.
woman sitting on her couch and looking at her phone and credit card
Knowing your limit before making a purchase can help you make smarter decisions.
Cashier and customer at grocery store checkout
You can get a money order from many places. Here’s what you need to know.
person using mobile phone leaning on railing
A second-chance checking account is designed for those whose banking history may prevent them from opening a standard account. Applicants sometimes have past problems such as an unpaid negative balance [...]
Artistic rendering of a Bank building attached to unrealistically large chains
Linking bank accounts is a way to make it easier to transact between the two.
Young female customer talking to cashier at checkout in supermarket
Now that the U.S. Mint is done producing pennies, what happens to consumer prices?
Spend money, pay bills, write checks or make fund transfers with a checking account.
Woman using mobile phone at the bar
These accounts sound similar, but there are some key differences to know.
Grocery store shopper with mask
Forecasts were wide-ranging when it comes to predicting how much damage the pandemic caused.
A sign stating that job placement program is closed during coronavirus pandemic.
Joblessness has surged to catastrophic levels not seen for nearly a century.
A man wearing a mask walks past the U.S. Federal Reserve building in Washington D.C.
One of the Fed’s greatest fears is a slow and grueling economic recovery.
Federal Reserve Chairman Jerome Powell talks to reporters at press conference
The coronavirus pandemic has brought the U.S. economy to its knees.
A front view of the Federal Reserve Bank
Consumers get more access to their savings at a time when they may urgently need it.
Federal Reserve Eccles Building in Washington, D.C.
It could take years for growth and unemployment to return to where they were before the pandemic.
Federal Reserve Chairman Jerome Powell speaks at press conference
It’s the largest emergency reduction in the Fed’s more than 100-year history.
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