In tough times, Identify and prioritize crucial expenses like housing, food, and health care.
Create a realistic budget to manage your spending and cut unnecessary expenses.
Save money for unexpected expenses to provide a financial safety net during difficult times.
Explore additional income streams, such as freelancing or part-time work, to boost financial stability.
Enhance your skill set to stay competitive in the job market or explore new opportunities.
Connect with friends, colleagues, and professionals to discover potential job openings and gain valuable insights.
Adapting these strategies can help you navigate challenges and maintain financial resilience during economic downturns.
This strategy is common expect for individuals who don't want stress and fear of leaving their comfort zone, people in this category will neglect such advice, meanwhile with the idea of involving in multi jobs and lacking to understand the process of spending makes your work worthless. Money sometimes is amazing, you can spend a huge amount within few hours without proper planning. Investment is also required in times like this.
When talking about bad economy in general as a major problem in the society, we should also consider some common factors like increase in price of goods, debts, etc. They're basics process to follow in other to escape from this situation and you mentioned few of them, in my opinion agriculture can also help individually and being in the position of the government, organizing programmes to educate farmers more on agriculture, creating opportunities to render loan and giving the required tools for farmers can help the society in times like this.