It's going to affect all professions somewhat. Personally, a long time ago I realized that stuff happens, and you have to both deal with an unpredictable world

It's going to affect all professions somewhat. Personally, a long time ago I realized that stuff happens, and you have to both deal with an unpredictable world and change. You can't really prepare except in general terms, so you mostly make the best of the situation you're in. Keep an eye on where you want to go with your life, and do your best to make it happen, but accept that it may not and there may not be anything you can do about that. Professionally, my skills will be in demand one way or another no matter what happens. Whether I'm cheaper to hire than the competition will depend on what I'm willing to do to earn a paycheck at various levels. I've always wanted to optimize that so I can spend more time living and less working, so I'm planning to cut my costs long term and live cheaper if I can. Financially... there's not much I can start doing now that will insulate me against a recession other than the above. I don't have long term investments except in myself and my skills, and I don't expect to ever be able to retire. I will probably change careers at some point, however. In a recession economy I will still be able to find a job, just maybe not at the pay level I'd like or in an area I want to work in, but I'll survive. If your hope is that you can prepare and thus insulate yourself from the effects of a bad economy... it's only partly true.