Abstract
The major purpose of this study was to determine the financial coping
strategies families have adopted to survive in the current economic recession
in Nigeria. The area of the study was Enugu State. The sample was 384
while the population was 16,491,395. The instrument of data collection was
the questionnaire. Data analysis was done using mean and standard
deviation. Major findings of the study revealed that the financial coping
strategies families have adopted to survive economic recession include:
family budging, saving plan, debt reduction plan, modification in basic
needs like food, shelter, education as well as investment strategies like
saving target, spending plan among others. Based on the result of this stud, it
is recommended, among others, that heads of households should always
take the wellness of the family into account while implementing coping
strategies.