Iron deficiency anemia is caused by low iron levels in the body, which can result from blood loss, an inadequate diet poor in iron, or issues absorbing iron. Symptoms include fatigue, pale skin, dizziness, and shortness of breath. The condition occurs when not enough healthy red blood cells are produced due to lack of iron, which is needed to carry oxygen throughout the body. Left untreated, iron deficiency anemia can lead to developmental problems in children, heart issues, and other complications depending on age and severity.