Definition, Meaning & Synonyms

financial-burden

noun

/faɪˈnænʃəl ˈbɜr.dən/

Definition

A financial burden refers to a monetary obligation or cost that is difficult to manage or sustain.

Examples

Many students find student loans to be a financial burden after graduation.
During the economic downturn, several families struggled under the financial burden of mortgage payments.
The new policy was designed to alleviate the financial burden on low-income households.

Meaning

It describes situations where an individual or organization has financial responsibilities that place significant pressure on their financial resources.