Economic hardship refers to a situation where individuals or families struggle to meet their basic financial needs, such as food, housing, and healthcare. This can occur due to various factors, including job loss, low wages, or unexpected expenses. When people face economic hardship, they may have to make difficult choices about spending and saving. During times of economic hardship, communities may experience increased demand for social services and support programs. Organizations like food banks and nonprofits often step in to help those affected. Governments may also implement policies to alleviate the impact of economic hardship, such as unemployment benefits or stimulus packages.