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.
Synonyms
- financial struggle
- economic hardship
- monetary distress
- fiscal difficulty
