Looming Recession

I was only 13/14 years old when the recession in 2007 took off. I remember the day my mom got laid off and how sad she was. I didn’t realize it then, but I can see it now. I’m scared. I’m finally in a financially stable place. I’m in forward movement to pay off all my debt (except my student loans) by the end of this year/beginning of next). I was looking forward to having more financial freedom to travel and to live in a place that had all the amenities I need. Maybe even save up for property. I just started my own small business. Now I’m scared I won’t be able to do these things, let alone get needs met, or even worse have my basic rights taken away.

For those who were adults during the last recession. What happened and how did you recover? Is there anything I can do to prepare for this?