economic insecurity

Economic insecurity refers to the fear or anxiety individuals experience about their financial stability and future. This can stem from unstable jobs, inadequate income, rising living costs, or unexpected expenses. It can affect people’s ability to meet basic needs like food, housing, and healthcare, leading to stress and uncertainty about their economic situation. Factors such as economic downturns, unemployment, or lack of savings can intensify this insecurity. Overall, economic insecurity impacts not just individual well-being, but also families and communities, creating broader social and economic challenges.