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English definition of “feel the pinch”

feel the pinch

to have problems with money because you are earning less than before: When my father lost his job and we had to live on my mother's earnings , we really started to feel the pinch .Earning money and money earned Grammar:Fell or felt?Fell is the past simple of the verb fall:
(Definition of feel the pinch from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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