I know that there are people "holed up" in Mexico and people living on the cheap in places like India while the economy is on the down turn. I just think it's a pretty good idea for many people. I think you can hold off on starting up unemployment benefits and live off of part of their savings for a very cheap amount of money per month. Just rent out the place if on a lease or own and put the stuff in storage. Then get a little cabana and a motorcycle or Yugo and "wait it out" while hopefully having fun.
Of course, another way is to ride around the world for a year on the cheap.