financial hardship vs financial difficulty

Both 'financial hardship' and 'financial difficulty' are correct phrases used to describe financial challenges or problems. They are interchangeable and can be used in various contexts to convey the same meaning.

Last updated: March 27, 2024 • 954 views

This phrase is correct and commonly used to describe severe financial challenges or adversity.

"financial hardship"

This phrase is used to refer to a situation where someone is experiencing extreme financial difficulties or struggles.

Examples:

The family faced financial hardship after the breadwinner lost their job.
The company had to downsize due to financial hardship.
Many people are currently experiencing financial hardship due to the economic downturn.
She applied for financial assistance to help her through the financial hardship.
The organization provides support for individuals facing financial hardship.

Show examples from the web [+]

Financial hardship. Having the option of taking an in-service withdrawal from your TSP account can be a lifesaver when you're facing a financial hardship.
The Minnesota Department of Revenue considers financial hardship as the inability to pay for basic necessities. If you are an individual, ...
Mar 9, 2022 ... You can request financial hardship assistance to manage your current VA copay debt or request an exemption from future copays.
Aug 16, 2021 ... An unforeseeable emergency is a severe financial hardship resulting from an illness or accident, loss of property due to casualty, ...
Another form of Emergency Assistance can include financial hardship. Students needing emergency assistance should complete the online form below.

Alternatives:

financial adversity
financial crisis
financial struggle
financial distress
financial trouble

This phrase is correct and commonly used to describe challenges or problems related to finances.

"financial difficulty"

This phrase is used to indicate a situation where someone is having trouble managing their finances or facing financial challenges.

Examples:

The company experienced financial difficulties during the recession.
She sought advice on how to overcome her financial difficulties.
Many students encounter financial difficulties while pursuing higher education.
The organization provided support to help employees facing financial difficulties.
They managed to overcome their financial difficulties through careful budgeting.

Show examples from the web [+]

The aids were granted because the company was in financial difficulty and needed restructuring.
Firstly, the borrower must not be in financial difficulty.
Furthermore, in most Member States, public authorities customarily pay late in situations of financial difficulty.
Such statements are a slap in the face for the hundreds of thousands of workers in financial difficulty.
Moreover, the Commission could not exclude that FN GmbH was a company in financial difficulty.
The insolvency directive offers employees valuable protection when their employer is in financial difficulty.
This has placed many farmers in serious financial difficulty.
To increase their profits, they have turned to households in great financial difficulty.
With our amendment, we hope to see Community cofinancing rise above 75% for organisations representing small farmers and family-run farms in financial difficulty.
They are restricted from operating outside their local geographic area and provide mainly small amounts of credit for low-income members and for those in financial difficulty.
Given that measure 5 was granted at a time when the Company was already in financial difficulty, it did not fall under the GBER.
(7e) Initiating court proceedings or disconnecting services without attempting to reach agreement on an affordable repayment schedule with a consumer in financial difficulty.
As a result of this, projects run into financial difficulty, and that certainly does nothing to promote the EU's credibility.
Subject: Potential conflict of interest for accountancy firms recommending administration procedures for companies in financial difficulty
It is necessary to provide assistance for those in financial difficulty, especially those who are suffering the most from rising energy prices.
The Commission also recognises the need for these guarantees, which are generally used in the sector and not specific to companies in financial difficulty.
Third, the Commission notes that Gdańsk Shipyard has been in financial difficulty for a long period of time.
When the clacks got into financial difficulty, the only person who could help them was Reacher Gilt.
It would then be necessary to clarify whether the firm in financial difficulty was the effective recipient of the aid.
Without the intervention, the club would have remained in financial difficulty, with the danger to go bankrupt and be relegated to a lower league.

Alternatives:

financial struggle
financial hardship
financial crisis
financial adversity
financial trouble

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financial hardship vs financial difficulty