Financially-strapped

Adjective describing a situation or condition where an individual, household, or organization has limited financial resources, leading to difficulties in meeting financial obligations, managing expenses, or pursuing opportunities for growth. This term often implies a significant constraint on spending capacity and financial well-being.

Financially-strapped meaning with examples

• After losing his job, Mark found himself financially strapped, struggling to pay rent and cover basic expenses, which forced him to rethink his budget and prioritize necessities over luxuries.
• The pandemic left many small businesses financially strapped, causing owners to seek government assistance and explore alternative revenue streams just to keep their doors open amid dwindling sales.
• At the height of the recession, countless families were financially strapped, leading to increased reliance on food banks and community resources as they faced unprecedented unemployment and financial insecurity.
• Despite her dreams of starting a new venture, Sarah felt financially strapped due to her outstanding student loans, making it difficult for her to invest in her passion without risking her current stability.