The recession is a condition in which the turn down of economy takes place. It has been feared by developed as well as developing countries alike. The developed countries are not safe in this regard as they may have higher chances of down fall if inappropriate strategies are used to run monetary and fiscal matters of a state. The recession appearing since last couple of years has now taken severe and worse ever shape. It is affecting not only United States but also the other western developed states. The interlinked trade, business and banking system are the means through which this recession is traveling between these countries. Every state is trying to device measures to overcome the situation. Still the exact reasons for the recession are unknown. So the question arises that how the problem of recession can be tackled without knowing the exact root cause! The financial and monetary system of United States is complex to be understood. Repercussions of this financial recession are blurry. The housing and industry is deteriorating. Individuals need certain steps in order to avoid the effects. Although the state is providing unemployment benefits but the talent is going wasted due to the unemployment. This may cause, at social level, psychological disorders. People may start feeling insecure and depressed. In such conditions, the business men class suffers the most. It is the need of time that the policies which encourage investment by the business men must be facilitated. Provision of loans must be ensured by strengthening and re-establishing the banking policies. The unneeded spending must be stopped by the state as a remedy to cure the recession. At individual level, it must be kept in mind that paying back the loan as soon as possible is good for the economy. But mostly the loans are not returned due to losses to the businesses that are started by the credit taken by the banks. Banks are week now. We must admit this fact and help banking sector to reduce the threats to finance. The bills of electricity, mobile, gas and grocery must be cut down to save money. Bank your savings as it is safe. Banks can function smoothly for the society when they are supported by individuals of the society. The society controls individuals and individuals control the society (social institutions), so both must be supportive of each other to save United States of America from being caught by another worse depression like great depression.