Economic hardship

Economic hardship refers to a period when individuals, families, or communities face financial difficulties that limit their ability to meet basic needs like food, housing, healthcare, and education. It occurs when income declines, costs rise, or unexpected expenses arise, making it challenging to maintain a standard of living. This situation can lead to increased stress, unemployment, or underemployment, and often requires adjusting lifestyles or seeking assistance. Overall, economic hardship reflects a struggle to sustain financial stability and well-being due to unfavorable economic conditions or personal financial setbacks.