I didn’t get into my program, I don’t have any backup

I just found out I didn’t make the cut for the program I applied to. The program is competitive, and I worked my ass off to get in, and it’s all for nothing. I really thought I’d make it, and I have no other plans. Alongside this, every area of my life seems to be going horribly wrong, and I think I am hitting rock bottom. I want to try again, but I don’t have the energy and motivation to redo everything and start from scratch. I am also dreading explaining this to people in my family. To anyone who has been through this or similar, does it get better? Should I try again or take this as a sign to do something else.