There’s growing anxiety that the U.S. economy is heading into a recession. Recent headlines have not eased those concerns, especially as some of the country’s largest technology companies announce layoffs as well as hiring slowdowns and freezes.

A recession is a prolonged and pervasive reduction in economic activity. Generally speaking, multiple successive quarters of negative growth in gross domestic product—a monetary calculation of the market value of goods and services generated and sold during a set time period within a given country—constitute a recession.

Many Americans and economists think rising inflation, interest rates and housing costs may be warning signs of a looming recession. Unfortunately, if a recession does occur, more than two-thirds of Americans don’t feel prepared for it, according to a MagnifyMoney survey.