If you're asking how to prepare for a recession, the recession has already begun. Changing your behavior now is just going to lock in your losses. Stay the course and don't be distracted by changes around you.
No. That is completely false. We are most certainly not in a recession. Nor did one start in November. You can check the Fed data here and verify you claim is false[1]
The economy is considered to have entered into a recession if it experiences a decline in GDP for two consecutive quarters. And that has not happened. There has been no sustained contraction and there has been no significant rise in the unemployment rate either. In fact unemployment is at historic lows.
The US gross domestic product shrank at an annualized rate of 1.4% in the first quarter of 2022. This was also the quarter where Omicron became prevalent. Further this was also the first time in contracted since the begin of pandemic 2+ years ago.
