Recession? How to face It?

[Bushdark]

Panic and fear are definitely there. we experience this because we don't want to adapt to changes in the existing world. Recession will continue to happen whether we are ready or not. the most we can do is to do something we can. for example, we have to start from the bottom again if we fall, or we always anticipate investment if we don't fall too much. this is my strategy for dealing with a recession.

Honestly, we need to prepare for the worse because more to this might come again or become worse than what we are seeing now.
The recession might become worse with time the way I am looking at it that is why is we need to make sure that we make a big plan for ourselves from now for the future. Things might not be easy in time coming looking at the way the price of food and other things are getting hike. Population is increasing and the production of food keep decreasing due to poor policies that is not being enforced to help agricultural products grow better.

[wajik-tempe]

Panic and fear are definitely there. we experience this because we don't want to adapt to changes in the existing world. Recession will continue to happen whether we are ready or not. the most we can do is to do something we can. for example, we have to start from the bottom again if we fall, or we always anticipate investment if we don't fall too much. this is my strategy for dealing with a recession.

Honestly, we need to prepare for the worse because more to this might come again or become worse than what we are seeing now.
The recession might become worse with time the way I am looking at it that is why is we need to make sure that we make a big plan for ourselves from now for the future. Things might not be easy in time coming looking at the way the price of food and other things are getting hike. Population is increasing and the production of food keep decreasing due to poor policies that is not being enforced to help agricultural products grow better.

i completely agree, there are major obstacles to consider such as the surge in food expenses and faulty agricultural plans. When facing a time of upheaval, possessing a grasp on financial aptitude can enable us to make informed judgments. As an additional measure, we ought to urge for better policies that uphold farming without endangering financial stability. By interfacing with local and national authorities to press for beneficial upgrades in these issues, we can create permanent resolutions.

[Aanuoluwatofunmi]

Panic and fear are definitely there. we experience this because we don't want to adapt to changes in the existing world. Recession will continue to happen whether we are ready or not. the most we can do is to do something we can. for example, we have to start from the bottom again if we fall, or we always anticipate investment if we don't fall too much. this is my strategy for dealing with a recession.

Honestly, we need to prepare for the worse because more to this might come again or become worse than what we are seeing now.
The recession might become worse with time the way I am looking at it that is why is we need to make sure that we make a big plan for ourselves from now for the future. Things might not be easy in time coming looking at the way the price of food and other things are getting hike. Population is increasing and the production of food keep decreasing due to poor policies that is not being enforced to help agricultural products grow better.

i completely agree, there are major obstacles to consider such as the surge in food expenses and faulty agricultural plans. When facing a time of upheaval, possessing a grasp on financial aptitude can enable us to make informed judgments. As an additional measure, we ought to urge for better policies that uphold farming without endangering financial stability. By interfacing with local and national authorities to press for beneficial upgrades in these issues, we can create permanent resolutions.

Can we really faced recession individually without being adequately prepared for it, there are many factors that would have constituted the  incident with how recession occur, some of these are not really what we can tackle independently than having a collective efforts altogether because of the nature of it indepth and cause, we all know that the use of agricultural farming benefits and advantage that could have helped in this isn't invoke as before because of oil boom and other human political activities that have deviated them from concentrating on the remedy to recession through farming.

[wxa7115]

Panic and fear are definitely there. we experience this because we don't want to adapt to changes in the existing world. Recession will continue to happen whether we are ready or not. the most we can do is to do something we can. for example, we have to start from the bottom again if we fall, or we always anticipate investment if we don't fall too much. this is my strategy for dealing with a recession.

Honestly, we need to prepare for the worse because more to this might come again or become worse than what we are seeing now.
The recession might become worse with time the way I am looking at it that is why is we need to make sure that we make a big plan for ourselves from now for the future. Things might not be easy in time coming looking at the way the price of food and other things are getting hike. Population is increasing and the production of food keep decreasing due to poor policies that is not being enforced to help agricultural products grow better.

However not many people are going to be able to take precautions against the upcoming crisis as they live their life as if economic crises do not happen, and by the way the same is true when it comes to businesses.

So when things begin to get rough those people are completely surprised this is the case and the precarious balance in which their life depended disappeared, and now they have no way to deal with the new circumstances they have to face,  and only a minority of people plan on how to face those conditions and as you may guess they are the ones that tend to do better due to the preparations they took.

[beerlover]

Exactly. Whatever happens, things will never get as bad as in the past, say, during the great depression in the 1930s, when even people in developed countries were becoming homeless en masse or even starved to death.

But still, it is better to be prepared than sorry. Moving some of your wealth into more recession-resistant assets is probably a good move. Whether Bitcoin is one of those assets - time will tell.

It’s very difficult to say anything for sure, I also used to think that we live in a fairly civilized world that should strive to avoid war, but it turns out that nothing changes for humanity, each generation needs to go through this on its own, no one wants to learn stories.

Therefore, I now do not dare to say that humanity will never again face one of its worst times. Everything is fine when it doesn’t affect you personally and you can think about everything in safety, but if you are in the epicenter of events, then everything changes.

I want to believe that humanity is capable of drawing conclusions from studying history, but I cannot be completely sure of this.

Unfortunately it doesn't. We do expect it to change but that doesn't mean that it does, it doesn't change at all. We have to face the reality is that we are going to be the simple humans that we always were, even though some things change and the technology keeps improving, the human mind stays about the same and that is always going to be the issue.

I mean we used to fight with sticks now we have nukes, but it is still the same draw to violence in some people that we always had since the early days.

Humanity is "capable" of drawing conclusions, like look at world war two and say that was a bad thing, but also it is capable of ignoring those conclusions as well, they always keep finding a "valid" reason for chaos and war unfortunately. No matter who you ask, during a war, each side always will find themselves right, and will never end up backing down and saying "war is bad, we need to figure out a different way of doing this and getting what we want", that's sad reality.

[Unbunplease]

However not many people are going to be able to take precautions against the upcoming crisis as they live their life as if economic crises do not happen, and by the way the same is true when it comes to businesses.

So when things begin to get rough those people are completely surprised this is the case and the precarious balance in which their life depended disappeared, and now they have no way to deal with the new circumstances they have to face,  and only a minority of people plan on how to face those conditions and as you may guess they are the ones that tend to do better due to the preparations they took.

Unfortunately, many people live below the poverty line, from paycheck to paycheck, and they simply do not have the opportunity to save something. In order to register at the labor exchange, you need to have a lot of certificates, and there they give the lowest-paid jobs. Thus, a person is simply limited in his financial possibilities.

[savetheFORUM]

Taking advantage of conditions that are still stable is a good way to prepare ourselves to face these two conditions, but it would be better for us to have some income so that we can survive if we have entered these two conditions. Everyone has a different way of dealing with a recession, there are those who think too much about this condition and there are those who live their lives by continuing to work to meet their needs and they will save money to survive this condition, and those who think too much about it will be lazy to do their work. so they don't get the income to be able to meet their needs. In my opinion, when facing conditions like this, we must continue to do what we can to earn income and spend the money we earn well and not use money for needs we don't need.

I think one of the main impacts of recession is when a company lays off its workers. So indeed that when our job are still stable or the company, we need to take advantage of it by working properly and harder. Who knows, we might get promoted and it will now be hard for our boss to remove us.

We also need to save up more money as we can, just in case the bad thing happens. " Dealing " can also mean to solve the issue but thinking too much without any actions taken are useless and it can only worsen the situation. Not all who are like that are lazy but some can also make a move. Things that we spend money is the thing that we need. It's just that some are more important. We need to prioritize them first especially if our budget is tight.

[Ahli38]

This recession is actually really felt if you live in the lower classes. But it doesn't feel that way if we are in the upper middle class. Because usually the middle and upper classes already have preparations to face a recession. Because usually they already have emergency funds and such. In fact, they also had investments in various things before the recession occurred. And they also have sufficient cash savings. One thing that high-end people may complain about is the lack of customers in their business.

The middle class tends to be more frugal when a recession occurs. But they still have a comfortable life because they already have quite a large income from the start. In contrast to the lower classes, even before the recession occurred, they were already having difficulty surviving. They struggle every day to buy daily food. They are eager to make preparations but the money they earn is not enough to save. their income is just enough for their living expenses that day. So for the lower classes everything will be more difficult. They have experienced difficulties from the start and with the addition of economic crises such as inflation and recession, they have even more difficulties. And very few people pay attention to the lower classes and even government assistance rarely reaches them. Even if it arrives it is no longer intact.

[Negotiation]

The effects of a recession are so bad that it's important to have an emergency fund and multiple sources of strong income within your means. Individuals need to think long term when it comes to investing and diversify holdings as well as be realistic about how much risk they can handle. So there is no danger of the economy collapsing due to various crises including recession, even if it passes through difficult times in the social and economic field. To help prepare for job loss or other financial setbacks aim to build an emergency fund that covers three to six months of living expenses.

[khiholangkang]

This recession is actually really felt if you live in the lower classes. But it doesn't feel that way if we are in the upper middle class. Because usually the middle and upper classes already have preparations to face a recession. Because usually they already have emergency funds and such. In fact, they also had investments in various things before the recession occurred. And they also have sufficient cash savings. One thing that high-end people may complain about is the lack of customers in their business.

The middle class tends to be more frugal when a recession occurs. But they still have a comfortable life because they already have quite a large income from the start. In contrast to the lower classes, even before the recession occurred, they were already having difficulty surviving. They struggle every day to buy daily food. They are eager to make preparations but the money they earn is not enough to save. their income is just enough for their living expenses that day. So for the lower classes everything will be more difficult. They have experienced difficulties from the start and with the addition of economic crises such as inflation and recession, they have even more difficulties. And very few people pay attention to the lower classes and even government assistance rarely reaches them. Even if it arrives it is no longer intact.

In my opinion the upper class is more aware of the recession, the effects received by someone who has money or assets is more felt in a movement of business values or the value of their wealth, so they are more anticipating what might happen when the economic atmosphere becomes a recession, because they are Feel more impact and therefore they always take preventive actions, some of them have mentioned.

On the other hand, the lower class people, on average, they do not know the recession because they work and live life as a work for eating, and as you explained, they are quite difficult and only focus on working to meet their daily needs, they certainly also feel The increase in prices and conditions is increasingly difficult, but on average does not understand what is happening, and what is the economic flow, they are only able to feel their conditions.

Maybe you will be more understandable in the end everyone will address himself first before saving others.

The effects of a recession are so bad that it's important to have an emergency fund and multiple sources of strong income within your means. Individuals need to think long term when it comes to investing and diversify holdings as well as be realistic about how much risk they can handle. So there is no danger of the economy collapsing due to various crises including recession, even if it passes through difficult times in the social and economic field. To help prepare for job loss or other financial setbacks aim to build an emergency fund that covers three to six months of living expenses.

Having an emergency fund and has a lot of income is good for a recession situation or economic crisis, having cash for one semester needs is very good for financial health when recession, on the other hand, don't be able to depend on emergency money because there may be a lot of funds not suspected that sucking money quickly runs out, then the importance of having other ability to increase other sources of income.

[Y3shot]

The effects of a recession are so bad that it's important to have an emergency fund and multiple sources of strong income within your means. Individuals need to think long term when it comes to investing and diversify holdings as well as be realistic about how much risk they can handle. So there is no danger of the economy collapsing due to various crises including recession, even if it passes through difficult times in the social and economic field. To help prepare for job loss or other financial setbacks aim to build an emergency fund that covers three to six months of living expenses.

But one of the funniest things about recession it comes as a surprise most times, like the last recession that took place in 2020 it was as a surprise though before then inflation was increasing but people never thought recession was around the corners too. If people are able to see recession when coming I think they will do the possible best to store foods and to save emergency funds during this critical period.

It is very good to always prepare to have emergency funds because anything can happen at anytime, I have  learnt a lot from recession and other crisis years back that people could only survive because of the emergency funds they have at hand.

[gunhell16]

This recession is actually really felt if you live in the lower classes. But it doesn't feel that way if we are in the upper middle class. Because usually the middle and upper classes already have preparations to face a recession. Because usually they already have emergency funds and such. In fact, they also had investments in various things before the recession occurred. And they also have sufficient cash savings. One thing that high-end people may complain about is the lack of customers in their business.

The middle class tends to be more frugal when a recession occurs. But they still have a comfortable life because they already have quite a large income from the start. In contrast to the lower classes, even before the recession occurred, they were already having difficulty surviving. They struggle every day to buy daily food. They are eager to make preparations but the money they earn is not enough to save. their income is just enough for their living expenses that day. So for the lower classes everything will be more difficult. They have experienced difficulties from the start and with the addition of economic crises such as inflation and recession, they have even more difficulties. And very few people pay attention to the lower classes and even government assistance rarely reaches them. Even if it arrives it is no longer intact.

What you said is true; the poor, not the wealthy or members of the middle class, will be particularly impacted by the recession. The wealthy individuals may experience the unpleasant impacts of the recession, but they definitely won't go hungry.

But the poor are the ones who will be defeated by the recession attack, so what needs to be done is to be strategic and prepared in all situations. For example, one of the best things to do is to save money for the future, even if there is no good to be ready all the time really.

[BRINIRHA]

This recession is actually really felt if you live in the lower classes. But it doesn't feel that way if we are in the upper middle class. Because usually the middle and upper classes already have preparations to face a recession. Because usually they already have emergency funds and such. In fact, they also had investments in various things before the recession occurred. And they also have sufficient cash savings. One thing that high-end people may complain about is the lack of customers in their business.

The middle class tends to be more frugal when a recession occurs. But they still have a comfortable life because they already have quite a large income from the start. In contrast to the lower classes, even before the recession occurred, they were already having difficulty surviving. They struggle every day to buy daily food. They are eager to make preparations but the money they earn is not enough to save. their income is just enough for their living expenses that day. So for the lower classes everything will be more difficult. They have experienced difficulties from the start and with the addition of economic crises such as inflation and recession, they have even more difficulties. And very few people pay attention to the lower classes and even government assistance rarely reaches them. Even if it arrives it is no longer intact.

Yes, you are right that those who are most affected or who suffer the most when a recession occurs are poor people. Because they don't even know about the Recession but they are the ones who feel the most difficulty in the recession. Meanwhile, rich people even receive information much earlier about when a potential recession will occur. So the rich people started making preparations early.

Meanwhile, poor people don't even understand the term recession. All they feel is that life is becoming more and more difficult. So they don't have time to make preparations and even if they were informed from the start I doubt they would be able to make preparations. Because for them, even in normal economic conditions, it still feels difficult. So when a recession occurs they will definitely have more difficulties. That's very sad. But we can't do anything about that.

[CCMS]

Recession is just liquidity issues and it also it has to do a lot with the war . Still today we can see it going on and this becomes more natural more often .

[barisbilgili]

This recession is actually really felt if you live in the lower classes. But it doesn't feel that way if we are in the upper middle class. Because usually the middle and upper classes already have preparations to face a recession. Because usually they already have emergency funds and such. In fact, they also had investments in various things before the recession occurred. And they also have sufficient cash savings. One thing that high-end people may complain about is the lack of customers in their business.

The middle class tends to be more frugal when a recession occurs. But they still have a comfortable life because they already have quite a large income from the start. In contrast to the lower classes, even before the recession occurred, they were already having difficulty surviving. They struggle every day to buy daily food. They are eager to make preparations but the money they earn is not enough to save. their income is just enough for their living expenses that day. So for the lower classes everything will be more difficult. They have experienced difficulties from the start and with the addition of economic crises such as inflation and recession, they have even more difficulties. And very few people pay attention to the lower classes and even government assistance rarely reaches them. Even if it arrives it is no longer intact.

Yes, you are right that those who are most affected or who suffer the most when a recession occurs are poor people. Because they don't even know about the Recession but they are the ones who feel the most difficulty in the recession. Meanwhile, rich people even receive information much earlier about when a potential recession will occur. So the rich people started making preparations early.

Meanwhile, poor people don't even understand the term recession. All they feel is that life is becoming more and more difficult. So they don't have time to make preparations and even if they were informed from the start I doubt they would be able to make preparations. Because for them, even in normal economic conditions, it still feels difficult. So when a recession occurs they will definitely have more difficulties. That's very sad. But we can't do anything about that.

Indeed, poor people will really feel the impact of the recession because they will have more difficulty meeting their needs compared to before the recession. For those who know when a recession will occur, it will be easier for them to prepare their funds to be able to face a recession so that they will not feel worried whenever the recession occurs. So whatever the current situation, it would be better if we knew how to manage finances and prepare emergency funds so that when a recession occurs we can still meet our own needs.

[Davian144]

The effects of a recession are so bad that it's important to have an emergency fund and multiple sources of strong income within your means. Individuals need to think long term when it comes to investing and diversify holdings as well as be realistic about how much risk they can handle. So there is no danger of the economy collapsing due to various crises including recession, even if it passes through difficult times in the social and economic field. To help prepare for job loss or other financial setbacks aim to build an emergency fund that covers three to six months of living expenses.

In summary, everyone must continue to work hard in order to be able to fight economic crises and recessions on a global scale, because when crises and recessions occur, almost everyone must think about themselves without complaining and getting rid of the feeling of laziness that is still nestled in their bodies. . In fact, the problem is that you have to keep working hard, not only during recessions and crises, but in general, everyone has to work hard under any conditions so that they can be better prepared to face economic conditions when they change for the worse.

But one of the funniest things about recession it comes as a surprise most times, like the last recession that took place in 2020 it was as a surprise though before then inflation was increasing but people never thought recession was around the corners too. If people are able to see recession when coming I think they will do the possible best to store foods and to save emergency funds during this critical period.

The recession that occurred that year was something that had never been expected before because that year was also characterized by pandemic conditions, which immediately caused many people to be unemployed and also people who could not leave the house, so those who had food and drink stocks More people will feel very safe and those who usually often work from their own homes will also be comfortable enough to continue living in conditions like that in 2020. So this is a condition that many people cannot deny at that time.

It is very good to always prepare to have emergency funds because anything can happen at anytime, I have  learnt a lot from recession and other crisis years back that people could only survive because of the emergency funds they have at hand.

In terms of emergency funds, you actually have to always have them and prepare them when it is still easy to get money, because when it starts to become difficult for us to get money, emergency funds will always be more valuable for survival. So in conditions like now everyone has to continue looking for income in order to be able to make preparations for unexpected things and one of them is an emergency fund as you suggest.

[Ahli38]

This recession is actually really felt if you live in the lower classes. But it doesn't feel that way if we are in the upper middle class. Because usually the middle and upper classes already have preparations to face a recession. Because usually they already have emergency funds and such. In fact, they also had investments in various things before the recession occurred. And they also have sufficient cash savings. One thing that high-end people may complain about is the lack of customers in their business.

The middle class tends to be more frugal when a recession occurs. But they still have a comfortable life because they already have quite a large income from the start. In contrast to the lower classes, even before the recession occurred, they were already having difficulty surviving. They struggle every day to buy daily food. They are eager to make preparations but the money they earn is not enough to save. their income is just enough for their living expenses that day. So for the lower classes everything will be more difficult. They have experienced difficulties from the start and with the addition of economic crises such as inflation and recession, they have even more difficulties. And very few people pay attention to the lower classes and even government assistance rarely reaches them. Even if it arrives it is no longer intact.

What you said is true; the poor, not the wealthy or members of the middle class, will be particularly impacted by the recession. The wealthy individuals may experience the unpleasant impacts of the recession, but they definitely won't go hungry.

But the poor are the ones who will be defeated by the recession attack, so what needs to be done is to be strategic and prepared in all situations. For example, one of the best things to do is to save money for the future, even if there is no good to be ready all the time really.

Their upper class people may experience considerable losses such as due to decreased profits in their businesses. But still like you said they won't starve. So the impact of the recession for them is still within safe limits for their lives. This is different from lower middle class people, where the impact of a recession can even threaten their welfare. for example, many of the lower middle class have lost their jobs due to mass layoffs that occurred due to the closure of a company or a reduction in employees by a company. So, when unemployment increases, the crime rate usually also increases. Even today people are starting to take out loans to meet their living needs. and it is a very worrying situation.

[Litzki1990]

Economic downturn can be a curse in life if not planned ahead. Many people are discussing that economic recession will come and it will be on a very large scale. Many people discussing the same topic means that something like this is definitely going to happen in the future. As experienced economists are warning us in advance, we need to be alert about this as well as do some pre-planning to overcome the economic downturn. It is natural that people will lose their jobs when there is an economic recession, so after losing a job, you have to think about how to get good financial support from some other means. If we have alternative businesses and if we can save money for the future as well as invest in a site then I think we will be able to weather the economic crisis.

[ChiBitCTy]

I've been hearing people talk about a looming recession for a decade now.  Literally it's been about that long.  Working in finance, being a financial advisor, this is obviously a topic that I deal with on a day to day basis. All I know is that the markets god up and they go down and that will never change so just make sure you've got a well diversified portfolio that can "handle" any market downturns.

[BRINIRHA]

I've been hearing people talk about a looming recession for a decade now.  Literally it's been about that long.  Working in finance, being a financial advisor, this is obviously a topic that I deal with on a day to day basis. All I know is that the markets god up and they go down and that will never change so just make sure you've got a well diversified portfolio that can "handle" any market downturns.

Diversification is needed now. Even before the recession happened. And now it certainly needs to be paid more attention. Because diversification can also minimize risks and maximize profits at the same time. For those who are familiar with financial management, carrying out portfolio diversification is a common thing to do. But for those who are still not used to or not disciplined in financial management, it tends to be difficult to do. They sometimes always prefer to take big risks in order to get bigger potential profits.

And nowadays I prefer to press it on everyone to become multi-talented people. Well, we have to start exploring other skills that can help us be better prepared for more difficult job market challenges when a recession is occurring. with the many skills that we can have, the opportunity to earn more income can also be large.