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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

Illustration of a person holding a house with a rain cloud over it
How might a recession affect the housing market?
man taking money out of a wallet
If you’re struggling to save money right now, you’re not alone. Here’s how a few easy changes can help.
inflation and the housing market photo illustration
The housing market isn’t immune from outside economic forces, including inflation.
Social Security COLA Increases by 2.5% in 2025
Here’s how much Social Security payments are increasing for 2025.
An older Black couple sits on their porch and drinks coffee
For people living on a fixed income, the COLA is a critical safety net.
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.
Outside of the Federal Reserve building
The Federal Reserve just lowered interest rates for the first time in four years.
San Francisco aerial view skyline at sunrise
The Golden State may just be too expensive of a place for many Americans to spend their golden years.
Jerome Powell speaking. A now hiring banner in the background.
Behind the slowing economy is a Fed determined to defeat red-hot inflation.
A woman reading the label on a food item while out shopping for groceries in her local supermarket.
Here’s how to save money on groceries, utilities and other everyday purchases.
young woman looking away sitting on bed in the room
Financial anxiety – what is it and how to reduce money stress
exterior of Bank of America branch building
Knowing bank holiday schedules can help you avoid delays on necessary transactions.
Comical image of a lady up to her eyes in a pile of cash
Find out who is affected most by financial stress by statistic and how to cope.
Businessman grabs the head concept with business chart on scoreboard
Manage money anxiety in a low rate environment with these savings strategies.
Piggy bank
Here’s how young adults can live within their means while saving for the future.
Young woman withdrawing money using phone at the ATM machine on the street in Budapest in Hungary.
Here are simple steps to take to avoid paying checking account fees.
CD rates forecast for 2024
You can find a CD account that significantly out-earns the national average if you shop around among banks.
Someone reading a receipt as they push their shopping cart
The biggest reason behind Americans’ financial pessimism continues to be inflation.
Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C.
The decision adds to suspicions that officials are done raising rates.
Jerome Powell juxtaposed against an illustrated artistic background
Experts are doubting the Fed’s September projections that showed one more rate hike.
Even at higher rates, a HELOC is worth considering over other types of financing.
Panoramic aerial view of upscale neighborhood in the suburb
The sharp rise in mortgage rates raises a new question: How much higher could they go?
Small middle class American home
The average 30-year fixed mortgage rate touched 8 percent on Oct. 19, according to Bankrate data.
Jerome Powell speaking at a podium
Will the Fed keep interest rates too high for too long?
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