Definition, Meaning & Synonyms

economic-hardship

noun

/ɪˌkɒnəˈmɪk ˈhɑːrdʃɪp/

Definition

A condition in which individuals or communities face financial difficulties that hinder their ability to meet basic needs such as food, shelter, and healthcare.

Examples

Many families experienced economic hardship during the recession.
The charity aims to support those facing economic hardship by providing essential resources.
Students from low-income backgrounds often encounter economic hardship as they pursue their education.

Meaning

Economic hardship refers to the struggles that people or groups encounter due to a lack of financial resources, typically during downturns in the economy or personal financial crises.