how bad is recession?

When i first heard of recession around late September, it start getting on my nerve...because this is the time where jobless rate climbing up,companies closing down,,my daddy as trader wil be sure affected badly.Although he is reluctant to talk about them,but i know well hows' thing getting on..b my dad had scratch off my monthly extra-tips,with reason of recession,,and nw i realized recession is melting down slowly my family's economic too..