Crossword Genius

Need cash when tailored clothes shrink — it’s a nasty feeling (13)

Ross

I believe the answer is:

schadenfreude

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'a nasty feeling' is the definition.
'schadenfreude' can be an answer for 'feeling' (schadenfreude is a kind of feeling). I am unsure of the 'a nasty' bit.

'need cash when tailored clothes shrink' is the wordplay.
'when tailored' indicates anagramming the letters (the letters are customised ).
'clothes' is an insertion indicator (inserted letters are clothed in others).
'shrink' becomes 'Freud' (Sigmund Freud - 'shrink' can mean a psychiatrist).
'need'+'cash'='needcash'
'needcash' with letters rearranged gives 'schadene'.
'schadene' placed around 'freud' is 'SCHADENFREUDE'.

'it's' is the link.

Can you help me to learn more?

(Other definitions for schadenfreude that I've seen before include "Enjoyment of others' woes" , "no sympathy here" , "Malicious pleasure in the misfortunes of others" , "Delight in the troubles of others" , "Pleasure arising from another's misfortune" .)

I've seen this clue in The Times.
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