Impoverishment is the state or fact of being extremely poor. A neighborhood's impoverishment is sometimes obvious from its many abandoned buildings.

You can use the noun impoverishment to mean "poverty," and also the act of forcing someone into poverty. A despotic government's impoverishment of its own people can be a way to control the citizens. A situation can also cause impoverishment, such as a serious illness and lack of health insurance. The verb impoverish, or "make poor," comes from the Old French empoverir, "to make poor," from povre, "poor."

Definitions of impoverishment
  1. noun
    the state of having little or no money and few or no material possessions
    synonyms: poorness, poverty
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    wealth, wealthiness
    the state of being rich and affluent; having a plentiful supply of material goods and money
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    deprivation, neediness, privation, want
    a state of extreme poverty
    a state without friends or money or prospects
    indigence, need, pauperism, pauperization, penury
    a state of extreme poverty or destitution
    impecuniousness, pennilessness, penuriousness
    a state of lacking money
    beggary, mendicancy, mendicity
    the state of being a beggar or mendicant
    type of:
    financial condition
    the condition of (corporate or personal) finances
  2. noun
    the act of making someone poor
    synonyms: pauperisation, pauperization
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    type of:
    deprivation, privation
    act of depriving someone of food or money or rights
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