Definition, Meaning & Synonyms
financial problems
noun phrase
/faɪˈnænʃəl ˈprɒbləmz/
Definition
Difficulties in managing or maintaining one’s financial resources, often leading to debt or insufficient funds.
Examples
- Many families face financial problems when unexpected medical expenses arise.
- The company had to lay off employees due to severe financial problems.
- Managing credit card debt is crucial to preventing financial problems.
Meaning
Financial problems refer to situations where an individual, organization, or government struggles to handle their money effectively, which can result in economic distress.
Synonyms
- monetary issues
- financial difficulties
- economic troubles
- fiscal challenges
