Please share your personal experiences on how people in your country are preparing for or dealing with a recession.
With the continuous weakening of our local currency and continuous climbing of inflation rate, people here don't care anymore if a recession will happen. I live in a 3rd world country so most of the people here just go with the flow on their daily living. Minimum wage is not enough to sustain oneself since prices of basic commodities have shoot up to the point that whatever saving techniques you do, it is not enough. Only the people that belongs to middle-class and above are able to prepare if a recession is bound to happen soon.
This is the harsh reality.
Many people are predicting or speculating on what to do to avoid the looming recession, while there are many who doesn't care about the recession, who doesn't care about the inflation because every day of their life there is recession and there is inflation. There are many who doesn't think about projects that they will execute for a whole year, there are many who only thing and care about what they will eat for that particular day and the next day they will continue to pray and hustle fir another mealto arrive.
This is the harsh reality of life, the life is not that balanced and the politicians of some countries have contributed more to their woes.