financial hardship

Financial hardship refers to a situation where an individual or household struggles to meet basic living expenses due to insufficient income or unexpected expenses. This can stem from job loss, medical emergencies, divorce, or other financial crises. As a result, individuals may find it difficult to pay for essential needs such as housing, food, healthcare, and transportation. Financial hardship can lead to stress and debt, and may require seeking assistance from community resources, government programs, or financial counseling to regain stability and improve one's financial situation.