Definition, Meaning & Synonyms

financial-hardship

noun

/faɪˈnæn.ʃəl ˈhɑːrd.ʃɪp/

Definition

Financial hardship refers to a situation where a person or entity faces significant difficulty in meeting their financial obligations and managing basic living expenses.

Examples

After losing her job, she faced severe financial hardship.
Many families struggle with financial hardship due to unexpected medical expenses.

Meaning

It often implies that an individual or family is experiencing a lack of sufficient income to cover essential costs such as housing, food, healthcare, and other necessary expenditures.