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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

how to buy a house - suburban home photo illustration
Buying a home is complicated. This step-by-step guide will help you get to the finish line.
Illustration of worker with a brief case
The once-booming labor market is starting to face some trouble.

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 American casting a ballot.
More than half of Americans say they are spending less because of those risks.
People sit and watch a broadcast of the first debate between President Donald Trump and Democratic presidential nominee Joe Biden.
Either candidate will have to wrestle with a potentially slow rebound while in the Oval Office.
A women wearing a facemask talks on the phone while crossing the street
While economists were more optimistic, they weren’t without doubts about the risks to the outlook.
A woman walks by a store going out of business in New York City.
States’ unemployment benefits are one of the few coronavirus relief lines left.
The rotunda on Capitol Hill
The financial practice of spending less than you make doesn’t apply to the federal government.
Federal Reserve Chair Jerome Powell speaks at post-meeting press conference
Expect this lower-for-longer interest rate environment to persist until the economy is back on track.
A framing art gallery is closed in Venice Beach, California, during the coronavirus pandemic.
The return to normalcy could happen later — rather than sooner. 
Two people under umbrella using tablet
The Fed’s recent actions may force savers to start thinking differently about their money.
Financial manager meeting with couple in bank branch office
Get the latest rates on top-yielding money market accounts.
Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank
Comparing savings rates can ensure you get the best return on your savings.
Image by GettyImages; Illustration by Bankrate
Here’s why you should avoid being underbanked and how to ensure that you aren’t.
Woman watering plants.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Clocks are displayed across an image of a dollar bill.
Take a look at the days when CDs were offering investors double-digit returns.
A friendly female customer service representative
These are the 10 largest credit unions in the United States based on assets.
A bank building with a large gold medal hanging from it
The best bank and credit union for you will depend on your banking needs, but in general, the best banks offer accounts with low or no minimum balance requirements and don’t charge monthly fees — or [...]
Mature woman helps her daughter study for exam
High-yield savings rates fluctuate over time. Let’s explore what causes that.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
Federal Reserve Eccles Building illustration
Bankrate analyzed the Fed’s historic rate moves for clues on what might come next.
If you’re looking at HE loans or have a variable-rate line of credit, pay attention to the Fed.
New Friends Walking on University Campus
The Federal Reserve’s actions can influence student loan interest rates.
Outside of the Federal Reserve building
The Federal Reserve held rates steady at its January 2026 meeting.
A Black couple talk to a salesperson at a car dealership.
Auto rates will likely not decrease this year. Consider how to still save.
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.
Woman online banking with a tablet
How Reg. D impacts your savings account and why it pays to check with your bank.
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