So with a Failing economy and people being laid off everywhere, what do these people do?

What do people do when they get laid off and cant find another job, especially if they cant collect? I know some big companies that have laid off and im sure those people have a mortgage, a family, car payments, cell phone payments, etc. etc. What do they do? Does this pose a risk of putting america further in debt then? I just can’t imagine having all that set up and then losing your job and not being able to get another one because of the status of our economy. It must be so hard. Couldn’t this potentially put people out on the street?