Meaning of the word "feel the pinch" in English

What does "feel the pinch" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

feel the pinch

US /fiːl ðə pɪntʃ/
UK /fiːl ðə pɪntʃ/
"feel the pinch" picture

Idiom

1.

to experience financial hardship or difficulty

Example:
Many families are starting to feel the pinch due to rising inflation.
After losing his job, he really started to feel the pinch.
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