poverty

noun
  1. The state of having little or no money, goods, or means of support; condition of being poor. noun
    Many families in the area are living in poverty.
    Efforts to alleviate poverty have been a central focus of government policy.
  2. Deficiency or lack of something; scarcity. noun
    The poverty of ideas in the meeting was evident.
    There is a poverty of resources available for the project.
  3. Renunciation of the right to individual ownership of property as part of a religious vow. noun
    The monks took a vow of poverty.
    Her commitment to poverty was part of her spiritual journey.