Please share your personal experiences on how people in your country are preparing for or dealing with a recession.
The predicted recession can actually make us prepare for the worst, but that's if we were not previously involved in consumptive debt such as cars or luxury goods that are not too important or their value is rapidly dropping, unfortunately more young people in my country already involved in such debt, and there are many more whose income is not sufficient for their daily needs, these people just hope that they still can working and a help from government that have little impact
Something bad has been predicted for us to experience in the not too distant future. Yes, a nightmare that we don't really want to experience in real life. One way that we can do right now is to reduce our spending as much as possible to prepare for and live this recession. We can't avoid this kind of thing, but we can prepare as well as possible before it actually happens. From this we should realize that preparing for the future is something very important.