A couple of thoughts.
One, the inversion seems to be in line with most credit cycle theories of economic activity I think. Basically, during an expansion debt increases and as the economy reaches it's peak you may see more reliance on shorter term debt for a number of reasons. When the short term debt costs rise that type of financing drives costs up, and so the marginal activities out of the market. Market activities are interdependent within an economy so you start seeing the domino effect play out.
The other thought I had was are we talking real economic activities, recession, or financial market activities (bear market/crash)? I think that matters if one wants to explore "what actions" anyone might consider taking. And, the answer will likely depend on the person's specific situation. Here it might be a bit like the distinction between recession and depressions -- recession if your neighbor looses the job, depression is you loose the job. How secure is your employment and income outlook is probably a more important question than if we have a recession in 2020.
I found this https://www.forbes.com/sites/johntobey/2019/05/31/yes-the-inverted-yield-curve-foreshadows-something-but-not-a-recession/#6b593af32800 and it might have some insights for you. I think the point that every case of inverted curves is not the same -- you need to understand the underlying drivers -- is particularly important to consider. As always, the devil will be in the details but everyone seems to want the simple heuristic. (I would think some Bayesian would be having fun here and maybe someone has info on that type of insight). I recall seeing something about duration of the inversion as well mattering but I seriously doubt one could say X days/weeks or less no recession but over that....
I think one can look at the curve inversion as one data element, not really a primary cause (my first comment aside) and put that in context with a number of other aspect. One, we've had a very long expansion -- but it's not be really exciting so perhaps it can run longer. We are in a presidential election cycle; they tent to be possible for aggregate economic activity. The geopolitical landscape is disturbing at best but it's not clear to me if that will be a positive or negative for any given domestic economy, USA or other. Inflation remains tame. Employment mostly okay (USA markets at least).
I think fears of recessions provide something of a wake up call to many. They worry and then look at what they have done in terms of savings and borrowing and it probably scares many. Rather than treating the situation as something of a new years resolution -- so soon forgotten once the new years passes -- consider making changes to behavior in the good times.