Squeezing in the difference of the fields in degenerate four- and five-wave interaction processes is studied. It is shown that the difference squeezing can be led to normal squeezing of the field for uncorrelated modes. It is found that the amplitude-squared squeezing of the fundamental mode directly converted into the normal squeezing of the signal mode in the four-wave interaction process and amplitude-cubed of the fundamental directly converted into the normal squeezing of the signal mode in the five-wave interaction process. Detection of higher-order squeezing in these processes is also studied. It is observed that difference squeezing responds nonlinearly to the number of pump photons and found greater in the stimulated process than in spontaneous one. Difference squeezing exists only in certain domain value of pump photons. It is inferred that the multi-photon absorption process is more suitable for the generation of optimum squeezed light.