Financial Strain
Financial strain refers to the stress and pressure individuals or families experience when their financial resources are insufficient to meet their needs or obligations. This can occur due to various factors, such as unexpected expenses, job loss, or inadequate income. When financial strain is present, it can lead to difficulties in paying bills, managing debt, and maintaining a stable standard of living.
The effects of financial strain can extend beyond monetary issues, impacting mental and physical health. Individuals may experience anxiety, depression, or relationship problems as a result of their financial situation. Addressing financial strain often involves budgeting, seeking financial advice, or exploring assistance programs to alleviate the burden.