The US economy previously reported negative growth for 2 consecutive quarters, in theory, they have officially entered a recession but the Fed and the government still say there is no recession, this is just a diversion and understatement to avoid causing panic.

Energy, all commodities globally are up 20%-30% and central banks are constantly pumping money in response to the current situation, enough to suggest a recession is underway, rather for preparing for a recession. The best solution today is the same as you shared: let's save up and it's better that we find part-time jobs, work more than usual to have more income to cover life. When the war is over and goods are in circulation, things will gradually recover.