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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? Find out what the experts think.
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.
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The once-booming labor market is starting to face some trouble.

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Greg McBride

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Chief Financial Analyst

Sarah Foster

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Principal U.S. Economy Reporter

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Senior Economic Analyst

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Latest articles

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Every financial decision you make is impacted by the Federal Reserve.
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Rate cuts are coming. Just don’t call this a low-rate environment just yet.
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Consider a savings account with an APY above the inflation rate.
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Every financial decision you make is impacted by the Federal Reserve.
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As the Fed is cutting interest rates, consider these certificates of deposit (CDs)
Illustration of Fed Chair Jerome Powell
The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
A man being raised into the air by party balloons. And a line graph chart superimposed overtop. Trending upwards
Americans still have a ways to go to fully recover their purchasing power.
Design element with Jerome H. Powell chairman of the Board of Governors
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
Design element of woman sitting at desk in front of laptop.
Wages are on pace to fully recover from inflation by the second quarter of 2025.
Illustration of a US Federal Reserve ink stamp
Every financial decision you make is impacted by the Federal Reserve.
Illustration of Fed Chair Jerome Powell
The Fed looks poised to leave rates alone in July but signal cuts are coming soon.
Design element with Jerome H. Powell chairman of the Board of Governors
Rate cuts are coming. Just don’t call this a low-rate environment just yet.
Design element of woman sitting at desk in front of laptop.
Wages are on pace to fully recover from inflation by the second quarter of 2025.
Real estate agent greets a client in front of a red brick home
Today’s mortgage rates already reflect the likelihood of a September Federal Reserve rate cut.
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