Unfortunately, many business were not lucky enough to just survive by reducing their workforce. Some industries such as hospitality, travel, retail, etc were totally decimated.
Do not beat yourself up. Even though you did everything right, just by virtue of being in the wrong industry you suffered. Analyze your current skills, If you need to transition to another industry do you have the necessary skills?
The pandemic and the government ordered closures across the globe have shown how business have been crushed for lack of funds. Individuals who have been ordered to shelter in place also suffered loss of wages.
Saving rate is dependent on what you spend and what you earn. We already talked about ways to earn more at your job and also how to develop additional streams of income outside of your day job.