Financially-burdened

Describes a person, household, or organization facing significant financial challenges and difficulties due to a heavy load of debt, expenses exceeding income, or a lack of financial resources. This condition often leads to stress, limitations in spending, difficulty meeting essential needs, and limited opportunities for future financial growth or investment. Those considered financially-burdened may struggle with paying bills, accumulating savings, accessing credit, and achieving financial stability. This state can be caused by various factors, including job loss, medical expenses, economic downturns, or poor financial management.

Financially-burdened meaning with examples

• After losing her job, Sarah became financially-burdened, struggling to pay her mortgage and other essential expenses. She was forced to cut back on groceries and consider selling her car to stay afloat. Her mental health suffered as she worried constantly about her dwindling savings and how to provide for her children. She sought help from a local food bank and credit counseling services.
• The recent economic recession left many families financially-burdened. Businesses closed, unemployment rose, and home values plummeted, making it difficult for people to maintain their standard of living. Many took on additional debt to stay afloat, further exacerbating their financial challenges. Government assistance programs were stretched to their limits to help with housing, food and other basic needs.
• A single mother of three, Maria was chronically financially-burdened, working multiple low-wage jobs just to cover rent and utilities. Unexpected medical bills and car repairs created further hardship. Despite her best efforts, she struggled to provide her children with adequate nutrition and educational resources. She relied on community support and charity to make ends meet.
• The company, heavily in debt after a costly expansion, found itself financially-burdened. Unable to meet its loan repayments, it was forced to cut staff, postpone planned projects, and seek financial restructuring. Investor confidence plummeted, and the company's future was uncertain. The need to improve cash flow was the firm's primary goal.