What the average person should do during a recession

1. Save money: During a recession, the risk of reduced income or unemployment increases. Therefore, ordinary people should avoid wasting money as much as possible and minimize unnecessary expenses, such as reducing eating out, shopping, traveling and other activities, as well as reducing the waste of resources such as electricity and water. 2. Diversify sources of income: Instead of relying on one income, try to find other sources of income, such as starting a business, creating a small business, or selling skilled household products. 3. Learn frugal living skills: Learn how to save money in daily life, such as how to save electricity and water, and how to buy good and inexpensive food. Learn how to save money in your daily life, e.g. how to save electricity and water, how to buy good and inexpensive household goods, etc. 4. Invest in education and training: During economic downturns, it becomes even more important to improve one's vocational skills and education level. Prepare yourself for potentially tougher economic times by training, studying, participating in self-study groups, etc. 5. Maintain a Balance: It is not advisable to over-borrow or spend on credit cards during economic downturns. It is important to maintain a balance of funds at all times and keep enough savings in reserve to be able to respond effectively to emergencies in the event of a black swan event.