<prompt> Human: Speaking from the perspective a middle class wage worker with very marginal discretionary income. Aside from dusting off my resume and saving every cent available. How do you guys recommend preparing for this next downturn?  <response>: The same way to prepare for economic boom. Maximize your income, stay out of debt, set aside 6 months of expenses in cash in a savings account, save at least 15 of your income in a tax efficient account that is invested in diverse equity investments - specifically earmarked for retirement. 