How to Survive an Economic Depression

Although many will find it difficult to survive an economic depression, there are a few things that you can do to not only survive but live a normal, productive life during a down economy. There are many jobs and industries that will not be seriously affected by a depression and will continue to be vital for society. Strong local communities are also of vital importance in times of depression. Local food supplies and self-sufficiency are a must in order to learn how to survive a depression.

Difficulty: Challenging

Instructions

1. 
    
   Job security

   Examine your profession and evaluate if it is one that will likely continue to be of vital importance, when deciding how to survive an economic depression. There are many industries and services that will still be vital, even in an economic depression. Teachers and health professionals will always be needed and in demand in any society, no matter how depressed. There are also industries such as electric power, fuel, and waste removal that will continue to be critical industries.

2. 
    
   Neighbors

   Get to know your neighbors and those in your local community. Strong local networks are critical for surviving an economic depression. Close-knit families, neighborhoods and towns will be most likely to provide the support and help that many will need. Look around your local area and see what can be done now to bring people together.

3. 
    
   Local food

   Try your hand at gardening and try to grow a little extra for those who may be worse off than you. Local supplies of food and the ability for at least partial self-sufficiency will enable you to survive an economic depression with out worrying about what you are going to eat. Supporting your local farmers' markets will both provide you with food and help to support your neighbors.

4. 
    
   Piggy bank dollar

   Be extremely frugal in spending money, saving as much as possible for emergencies, job loss or cut wages. Budget money carefully, and support local companies and local manufacturers when you do spend money. This will help boost your local economy.

5. 
    
   Homemade bread

   Make it from scratch -- whether it's bread, chicken stock, or Sunday dinner. You'll learn better how to survive an economic depression if you are able to develop the skills to make much of your food yourself.

Tips & Warnings

• If you are worried about knowing how to survive an economic depression, start preparing now.

Resources

• How to Survive a Depression
• Mountain House Freeze-Dried Food
• Ultimate Family Preparedness Pak
• The Great Depression Ahead: How to Prosper in the Crash
• Crash Proof: How to Profit From the Coming Economic Collapse

[jull14]

on 6/15/2009 Such an interesting article and very helpful. I love to read article that can help me,and this one did. Thanks

[jaredsgirl]

on 3/16/2009 Super article! Thanks for sharing when we need it most. 5*

[kittykat3]

on 3/9/2009 These are great tips that I follow myself. 5* and recommended.

[msmayor]

on 11/3/2008 Great tips and good information!

[CCrock]

on 11/2/2008 Great article! I love that photo by Dorthea Lange, I studied it in art history! Insurance is an industry that is not too affected by the economy. People still need insurance.