<prompt> Human: More and more I keep hearing economists say its coming soon. Maybe its fearmongering, but it got me wondering how Id fare.What are steps one can take to be best prepared for a downturn in the economy??  <response>: Having valuable skills so that you stay employed. Even in 1933 during the Great Depression, 25 were unemployed but that means 75 still had jobs. In 2009 the unemployment rate was about 10. So a lot of people were still working, paying their bills, going to college, buying cars and houses.If you do not have a lot of debt and you keep savings you can whether a recession and loss of job. 