<prompt> Human: So theres a lot of talk lately especially today of another recession lining up over indicators like Bank deregulation, more asset-backed securities issues, and rising oil prices.The general consensus seems to be that the very wealthy are able to ride out a recession and bounce back in a big way, becoming even more wealthy. Things like buying heavily all the way down etc. Meanwhile those hit hardest may be left scrambling for work or enough money to make ends meet without very significant sacrifices.Im wondering if there is some good way to help insulate my household not very wealthy from the impacts of another potential great recession.Can reddit offer links to some resources this has surely come up before? Or provide some insight into what a household like mine can do?I have no immediate plans to take on new loans and I work in aerospace, which was relatively stable through the last recession. If things get Grapes-of-Wrath bad, I doubt theres much to be done, but what about another 2008? With the power of hindsight, what couldwould you have done in 2005-2007 to mitigate the impact of the 2008-2009 recession?  <response>: The same things you should always do: get and stay out of debt. Six month emergency fund. Keep your resume and skills updated. 