Financial crisis

A financial crisis is a time when a lot of people have trouble managing their money. This can happen when the economy is weak, or when a lot of people have bought things they can't afford. During a financial crisis, a lot of people can’t pay their bills so they end up losing their homes, cars or other possessions. Financial crises can also cause businesses to close, which can lead to people losing their jobs. This means that people don't have money to buy the things they need or do the things they enjoy.