Is this sentence correct (or does it make sense)?
"He's very upset for the financial downfall that he suffered recently."
(And is there any term which could replace 'downfall'?)
Note: By 'downfall', I don't mean that he's broke forever, but he suffered considerable financial losses.
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He’s very upset about the financial setback that he suffered recently.
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He’s very upset about the financial setback that he suffered recently.