Financial hardship refers to a situation where an individual or family is unable to meet their financial obligations due to lack of income, high expenses, or both. This can result in difficulties such as not being able to pay bills on time, struggling to afford basic necessities like food and shelter, or accruing significant debt that becomes unmanageable. Financial hardship can have a profound impact on mental health, relationships, and overall quality of life. It may also limit access to opportunities such as education, employment, or advancement in one's career.