experience financial hardship
be affected by a drop in income
find it hard to survive on the income you have
have to make do on less money, food, clothing, etc. than usual, or less than what is needed
experience suffering due to a loss of money coming into the household
of a business which is struggling financially, or experiencing a decrease in profits.
Since Farrokh was made redundant, we’ve really felt the pinch. We can’t even afford to buy the kids new shoes.
Everyone’s going to feel the pinch in this new financial year. Profits are down and the company can’t afford to pay any bonuses for the foreseeable future.
All the major companies are feeling the pinch this year. It’s the worst financial downturn we’ve seen for a decade.
Since the benefit cuts have been introduced, a lot of low income households are feeling the pinch.
You’re going to feel the pinch if you give up your second job.
There is no origin for this idiom
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definition
Common phrase that has a specific meaning.