The phrase "safety net" means a system or something that provides protection or support to people in times of difficulty or crisis. It is like a backup plan that helps to prevent someone from falling into a worse situation. Full definition
Beyond the literacy rotation, a variety of safety nets for supporting struggling readers was identified. (ciera.org)
They help create supercharged groups where impossible things seem doable, and they offer a larger safety net of ideas when things get stuck. (sciencemag.org)
So developing a passive income stream is a good way to be prepared and have a financial safety net in case one's position does become eliminated. (dividendquest.com)