economic circumstances
noun phraseUK /ˌiːkəˈnɒmɪk ˈsɜːkəmstənsɪz/
US /ˌiːkəˈnɑːmɪk ˈsɜːrkəmstænsɪz/
The amount of money and things a person or family has.
Her family's economic circumstances improved when her mother got a new job.
OTHER MEANINGS
2. The money-related conditions that affect a business or country.
The company closed two shops because of difficult economic circumstances.
3. The level of money a person has compared with others.
Scholarships help students from all economic circumstances go to college.
4. Changes in money and jobs that affect how people live.
During hard economic circumstances, many families spend less on toys.