economic conditions; financial situation
Refers broadly to the state of the economy or one's financial circumstances, used in both macroeconomic and personal contexts.
現在の経済状態は厳しい。
The current economic conditions are severe.
His financial situation worsened and he sold his house.
The company's financial situation is worsening.
Recently, our household's financial situation has been improving.
His financial situation seems to be difficult.
The government is trying to turn around the country's economic situation.
家計 refers narrowly to a household's own budget and finances, while 経済状態 can describe either a household's or a whole economy's condition.