Personally, I’ve moved most of my investments into money market funds and plan on buying the dip, just like the multi millionaires. Other than that, I’m getting stocked up on shelf stable foods, and trying to get to know my neighbors a little better.
I run a small business, so we’ve been saving cash since the election and extra focused on closing contracts - both of which keep us from having to lay anyone off. Personally, I’ve been saving since the downturn in the consulting industry in 2023 where I had to take half a salary for a year. I am not looking forward to this recession.